Document:

Transition Agreement with Stephen A. Aanderud

			
	Transition Agreement	  	10/14/2006

 Stephen A. Aanderud 
  

 Exhibit 10.2 
 TRANSITION AGREEMENT 
 THIS TRANSITION AGREEMENT (the "Agreement") is made and entered into as of
October 1, 2006 (the "Effective Date"), by and between DayStar Technologies, Inc., a Delaware corporation (the "Company") and Stephen A. Aanderud ("Executive"). 
 WITNESSETH: 
 WHEREAS, Executive has determined, and the Board of Directors of the Company (the "Board") has
accepted, that it is in the best interests of the Company and its stockholders for Executive to resign as the Company's and the Company's subsidiaries' Chief Financial Officer, Treasurer & Secretary through November 15, 2006; and

 WHEREAS, Executive and the Company wish to terminate and supersede the provisions of the Amended and Restated Employment Agreement
(“Employment Agreement”), executed as of January 1, 2006 between Executive and Company; 
 WHEREAS, the Company desires
to retain the services of Executive as an independent consultant after the termination of the Employment Agreement on terms modified from those reflected in the Employment Agreement, and to enter into a independent contractor’s agreement (the
“Independent Contractor’s Agreement”) (in substantially the form attached hereto as Exhibit A) embodying the terms of such modified relationship; and 
 WHEREAS, the parties hereto wish to enter into this Agreement to provide for an orderly transition of Executive's responsibilities: 
 NOW, THEREFORE, in consideration of the mutual promises and covenants herein contained, the parties hereto agree as follows: 
  

	1.	Resignation as Officer and Employee 

 As of
November 15, 2006, the (“Transition Effective Date”), Executive has and shall (a) voluntarily and irrevocably resigned as (i) the Company's Chief Financial Officer, Treasurer & Secretary, (ii) the Chief
Financial Officer, Treasurer & Secretary of the Company's subsidiary, DayStar Solar, LLC and (iii) a trustee of the Company's 401(k) Plan and Trust, and (b) accepts the position as independent contractor to the Company, to serve
in that capacity until the earlier of discharge upon 30 days written notice or December 31, 2007 ("Contract Termination Date"). Thereafter, Executive may continue to serve at the pleasure of the CEO in accordance with and subject to the
applicable provisions of the Independent Contractor’s Agreement, the Company's By-Laws and applicable law; provided, however, that he will tender his resignation if the Company requests anytime after October 1, 2006. 
  

	2.	Payments to Executive 

 (a) Upon the Transition Effective
Date, the Company shall pay to Executive any accrued, unpaid salary and vacation pay, that will have accrued as of the Transition Effective Date, subject to applicable withholding taxes. Executive shall not be entitled to any other payments from the
Company except as specifically provided herein. 
  

					
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 (b) After the Transition Effective Date, and subject to the provisions of Section 3, Executive
shall be entitled to severance payments equal to three (3) month's base salary, payable in accordance with the Company's usual payroll practices (every two weeks) and subject to applicable withholding taxes. 
 (c) At the Transition Effective Date, all options granted to the Executive pursuant to the Employee Incentive Programs of 2004 and 2006 by the Company
with a grant price of less than $10.00 (the "Accelerated Option"), that would vest by December 31, 2007 shall become vested and immediately exercisable. This has the effect to accelerate 5,708 options to purchase one share of the Company’s
common stock. 
 (d) The Executive shall have the right to purchase all vested stock options (including those granted on June 21, 2005
(8,333) until December 31, 2007, per the attached Schedule A. 
 (e) Upon the Transition Effective Date, the Restricted Shares
of Common Stock granted to Executive by the Company (the "Restricted Shares"), that would vest by December 31, 2007 shall not be subject to the Company’s right of repurchase under the Restricted Stock Agreement so long as the Independent
Contractor’s Agreement has not been terminated. 
 (f) Ownership of the computer and peripherals being used by Executive will transfer
to the Executive. This includes the Dell D 810 being used in the Company’s offices and the Toshiba laptop purchased 12/18/2003 and currently being used in the Executive’s home office as per the Employment Agreement. Such computers will be
surrendered upon termination of the Independent Contractor’s Agreement to the IT Department for removal of Company related material not needed to perform your work as an Independent Contractor to the Company. 
 (g) From the Effective Date to the Transition Effective Date, the Company shall reimburse Executive for interim housing, travel and other normal expenses
related to Executive service to the Company as the Company’s Chief Financial Officer, Treasurer & Secretary in New York state. 
  

	3.	Conditions to Benefits 

 The rights of Executive to the
consideration described in Sections 2(c), (d), (e) and (f), as applicable, are subject to continued satisfaction of the following conditions, which require that Executive shall not have done or do any of the following: 
 (a) Diverted or attempted to divert, directly or indirectly, any business of the Company, or induced, or attempted to induce, any customers of the
Company not to purchase goods or services from the Company. 
 (b) Initiate contact with any person for the purpose of inducing or attempting
to induce, directly or indirectly, any person to leave his or her employment or consulting relationship with the Company, or not accept an employment or consulting relationship with the Company (in each case, through assistance to professional
recruiters or potential employers, or direct solicitation or otherwise). 
 (c) Materially breached his confidentiality obligations under the
Executive’s Proprietary Information and Inventions Agreement, or materially breached any provision of this Agreement. 
  

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	Transition Agreement	  	10/14/2006

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 (d) Initiated, filed, financed, participated as a named plaintiff in or aided any action or other
proceeding against the Company or any of its officers, directors or employees (including without limitation any class action or derivative action) based upon any claims, liens, demands, causes of action, obligations, damages or liabilities, other
than (i) the submission to arbitration of a claim for payments or benefits due under this Agreement pursuant to the provisions of Section 5 and (ii) as compelled by lawfully issued and served subpoena or as otherwise required by law
(collectively, any "Legal Request"); provided, however, that Executive must provide the Company with immediate notice of such Legal Request by forwarding a copy of such Legal Request to the Company's Chief Executive Officer and at least one member
of the Board of Directors who is not the Company's Chief Executive Officer. 
 (e) Initiated, filed, financed, participated in or materially
aided any proxy fight or tender offer initiated against the Company, or sought to be reinstated as an officer. 
 (f) Disparaged the Company,
or its officers, directors, employees or products, which shall include, but not be limited to, writing disparaging articles or making disparaging statements to the Company’s customers or suppliers. 
 (g) Become fully employed as an officer or senior level manager of a corporation or any other entity within three (3) months of the Transition
Effective Date. 
 The Board shall determine reasonably and in good faith whether Executive has committed any of the acts or made any of the
omissions described in this Section 3. If the Board determines that Executive has committed any of the acts or omissions described in this Section 3, the Board shall notify Executive in writing, stating the particular action(s) or
omission(s). If the act or omission is capable of being cured, Executive shall have 10 days after receipt of the notice to cure the particular action or omission. If Executive effects a cure to the satisfaction of the Board, exercised in their good
faith business judgment, the Board shall provide written notice of the rescission of the notice, and it shall be of no further force or effect. If the act or omission is not capable of being cured or is not cured, the severance benefits shall
terminate as of the date of such breach. 
 The parties agree that if any dispute between Executive and the Company arises over whether any
of the conditions in this Section 3 have been met, then the Company shall place any payments otherwise due to Executive, to the extent the Company's obligation is in dispute, in escrow with the arbitrator selected pursuant to Section 5
during the term of any such dispute. 
 In the event of any breach by Executive of the conditions set forth in Section 3, Executive's
right to exercise the Accelerated Options pursuant to Section 2(c) shall terminate: the Company’s waiver of its right of repurchase under the Restricted Stock Agreement pursuant to Section 2(d) shall terminate; and (ii) the
Company's obligation to pay COBRA premiums pursuant to Sections 2(e) shall terminate. 
 It shall be a further condition to the Company's
obligation to provide the consideration described in Sections 2(b) through (f) that Executive deliver and not revoke the release described in Section 6 (the "Release"). Accordingly, the Company shall have no obligation to provide the
consideration described in Sections 2(b) through (f) until the expiration of seven days after Executive signs and delivers (and does not revoke) such release (the "Release Effective Date"). 
  

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 Stephen A. Aanderud 
  

	4.	Executive's Representations 

 Executive hereby represents
and warrants to the Company that he has fully reviewed this Agreement and the transactions contemplated hereby, and that he fully understands this Agreement and such transactions. In connection with this review, Executive has had an opportunity to
consult with legal counsel and with financial and other advisors of his choosing and, if he has decided not to do so, such choice was his voluntary decision. The terms of this Agreement are voluntarily accepted by Executive without duress or
coercion. 
  

	5.	Dispute Resolution 

 Any disputes arising out of, or
relating to, Executive's employment with the Company, this Agreement, or the making, performance, or interpretation of it, including any determination by the Company that Executive has breached his obligations under this Agreement, and any dispute
arising out of or relating to the Release or the Note, shall be, to the maximum extent permitted by law, arbitrated in accordance with the following procedure: 
 (a) Any and all claims shall be submitted to final and binding arbitration before the American Arbitration Association ("AAA") in the city closest to Executive's last place of work at the Company where the AAA has an
office. Such arbitration shall be in accordance with the AAA's then current version of the National Rules for the Resolution of Employment Disputes. The arbitrator shall be selected in accordance with the AAA's selection procedures in effect at the
time. Either party may initiate arbitration proceedings by filing a demand for arbitration with the appropriate AAA office. 
 (b) The
arbitrator shall have the authority to grant any relief authorized by law. 
 (c) The arbitrator shall have exclusive authority to resolve
all claims covered by this Section 5. Any issues involving the arbitrability of a dispute shall be governed by the Federal Arbitration Act, 9 U.S.C. § 1 et seq. 
 (d) The Company and Executive will equally share all arbitration fees, deposits and administrative costs assessed by the AAA. The arbitrator shall have power to award attorneys’ fees, expert witness fees and
costs according to statute, or according to a separate written agreement between the parties, or the National Rules for the Resolution of Employment Disputes of the AAA, but shall have no other power to award attorneys' fees, costs or expert witness
fees. 
 (e) The claims covered by the above include, but are not limited to, all claims covered by the Agreement, or the making,
performance, or interpretation of it, including any determination by the Company that Executive has breached his obligations under this Agreement, and any dispute arising out of or relating to the Release or the Note, claims for wrongful
termination, unpaid wages or compensation, breach of contract, torts, violation of public policy, claims for harassment or discrimination (including, but not limited to, race, sex, religion, national origin, age, marital status, medical condition,
disability, or sexual orientation), claims for benefits (except where an employee benefit or pension plan specifies a procedure for resolving claims different from this one), claims for physical or mental harm or distress, or any other
employment-related claims under any federal, state or other governmental law, statute, regulation or ordinance, including, but not limited to, Title VII of the Civil Rights Act of 1965, the Americans With Disabilities Act, the Age Discrimination in
Employment Act, the California Fair Employment and Housing Act, and any other statutes or laws relating to an employee's relationship with the employer, and claims related to the Executive's Proprietary Information and Inventions Agreement. However,
claims for workers’ compensation benefits and unemployment compensation benefits are not covered by this arbitration agreement, and such claims may be presented to the appropriate court or government agency. 
  

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 (f) Notwithstanding this agreement to arbitrate, neither party waives the right to seek through judicial
process, preliminary injunctive relief to preserve the status quo or prevent irreparable injury before the matter can be heard in arbitration. 
 (g) The arbitrator shall issue a written arbitration decision stating the arbitrator's essential findings and conclusions upon which any award is based. A party's right for review of the decision is limited to grounds provided under
applicable law. 
 (h) The parties agree that the arbitration shall be final and binding and any arbitration award shall be enforceable in
any court having jurisdiction to enforce this arbitration agreement. 
 (i) BY AGREEING TO THIS BINDING ARBITRATION PROVISION, BOTH THE
COMPANY AND EXECUTIVE GIVE UP ALL RIGHTS TO TRIAL BY JURY, EXCEPT AS EXPRESSLY PROVIDED HEREIN. 
  

	6.	Release 

 (a) As of the Transition Effective Date, in
consideration of the benefits to be provided to Executive pursuant to the Agreement, the sufficiency of which Executive acknowledges, Executive hereby releases, on behalf of himself, his family members and his and their heirs and successors,
assigns, attorneys and agents, pursuant to which Executive releases and forever discharges the Company, as well as its officers, attorneys, directors, employees, stockholders and agents, and their successors and assigns, and its employee pension
benefit or welfare benefit plans and current and former trustees and administrators of such plans (collectively "Company Releasees") from any and all claims, contracts, liabilities, damages, expenses and causes of action, whether in law or in
equity, known or unknown, which may have existed or which may now exist from the beginning of time to the Release Effective Date against one or more of the Company Releasees (collectively "Executive Claims"), to the extent such Executive Claims
relate in any way directly or indirectly, in whole or in part to: Executive's resignation as Chief Financial Officer, Treasurer & Secretary pursuant to Section 2 of the Agreement, the fact that Executive is or was an employee, officer,
director, stockholder or agent of the Company; Executive's employment or non- employment by the Company; any alleged harassment or disparagement suffered by Executive during his employment at the Company; any status, term or condition of such
employment; any rights duties or obligation under the MIP and the Company EIPs; any physical or mental harm or distress arising from such termination, employment or non-employment; any claims based upon federal, state or local laws prohibiting
employment discrimination, including but not limited to claims of discrimination under the Fair Employment and Housing Act, Title VII of the 1964 Civil Rights Act, the Civil Rights Act of 1991, the Americans with Disabilities Act of 1990, the
Rehabilitation Act of 1973, the Family and Medical Leave Act of 1993, or the Employee Retirement Income Security Act of 1974; breach of contract or any other legal basis. The Release shall also include release of any claims for age discrimination
under the Age Discrimination in Employment Act, as amended ("ADEA"). The ADEA requires that Executive be advised to consult with an attorney before Executive waives any claim under the ADEA. In addition, the ADEA provides Executive with at least 21
days to decide whether to waive claims under the ADEA and seven days after Executive signs the Release to revoke that waiver. 
  

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 (b) Executive understands that various federal, state and local laws prohibit age, sex, national
origin, race and other forms of employment discrimination and that these laws are enforced through the U.S. Equal Employment Opportunity Commission, and similar state and local agencies. Executive understands that if he believed that his treatment
by the Company had violated any of these laws, he could consult with these agencies and file a charge with them. Instead, Executive has voluntarily decided to accept the Company's offer in the Agreement and to waive and release any and all claims he
may have under such laws. 
 (c) If this Agreement is subject to, and governed by, the laws of California, Executive hereby expressly waives
and relinquishes any and all rights that Executive may have under Section 1542 of the California Civil Code, which reads as follows: 
 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR."

  

	7.	Successors 

 (a) This Agreement is personal to Executive
and without the prior written consent of the Company shall not be assignable by Executive otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by Executive's legal
representatives. 
 (b) This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns.

  

	8.	Miscellaneous 

 (a) This Agreement shall be governed by and
construed in accordance with the laws of the State of New York without reference to principles of conflict of laws. The captions of this Agreement are not part of the provisions hereof and shall have no force or effect. This Agreement may not be
amended or modified otherwise than by a written agreement executed by the parties or their respective successors and legal representatives. 
 (b) All notices and other communications hereunder shall be given by hand delivery to the other party or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 
 If to Executive: At Executive's current address shown on the records of the Company. 
 If to the Company: 
 DayStar Technologies,
Inc. 
 13 Corporate Drive 
 Halfmoon, NY 12065 
 Attention: Chief Executive Officer 
 or to such other address as either party shall have furnished to the other in writing in accordance herewith. Notice and communications shall be
effective when actually received by the addressee. 
  

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 (c) The invalidity or unenforceability of any provision of this Agreement shall not affect the
validity or enforceability of any other provision of this Agreement. 
 (d) The Company may withhold from any amounts payable under this
Agreement such Federal, state, local or foreign taxes as shall be required to be withheld pursuant to applicable law or regulation. 
 (e)
Executive's or the Company's failure to insist on strict compliance with any provision of this Agreement or the failure to assert any right Executive or the Company may have hereunder shall not be deemed to be a waiver of such provision or right or
any other provision or right of this Agreement. 
 (f) This Agreement, including the Release, constitutes the entire agreement of the parties
relating to the subject matter hereof, and supersedes all prior and contemporaneous negotiations, correspondence, understandings and agreements of the parties relating to the subject matter hereof, including without limitation the Employment
Agreement by and between the Company and Executive, which, as of the Effective Date, shall be terminated and be of no further force or effect; provided, however, that Executive's Proprietary Information and Inventions Agreement shall remain in full
force and effect, and stock option and related agreements pursuant to which Executive's options were granted or exercised, as the same may be modified by this Agreement, shall remain in full force and effect. 
 IN WITNESS WHEREOF, Executive and the Company have executed this Agreement effective as of the Effective Date. 
  

							
	EXECUTIVE	  	COMPANY
	Stephen A. Aanderud	  	DayStar Technologies, Inc.
		
	 /s/ Stephen A. Aanderud
	  	 /s/ John R. Tuttle

	By:	 	Stephen A. Aanderud	  	By:	 	John R. Tuttle
		 		  	Its:	 	CEO and Chairman

  

 Page 7 of 7Lease Agreement dated May 25, 2004

 Exhibit 10.8 
 LEASE AGREEMENT 
 THIS AGREEMENT BETWEEN Sitterly Associates, LLC c/o Abele Builders, Inc., 14 Corporate Drive,
Clifton Park, New York 12065 as Landlord 
 And Daystar Technologies Inc., 900 Golden Gate Terrace, Suite A, Grass Valley, California 95945 as Tenant

 WITNESSETH: The Landlord hereby leases to the Tenant the following
premises: approximately 18,000 square feet, at 13 Corporate Drive (the “Building”), Town of Clifton Park, Saratoga County, New York (the “Premises” or Demised Premises”), for the term (“Term”) of five (5) years to
commence from the later to occur of the 1st day of July ,2004 or Substantial Completion (defined below) of Landlords’s Work (“Commencement Date”) and to end on the 30th day of June 2009, to be used and occupied only for
office/warehouse space and light manufacturing upon conditions and covenants following: 
 1st. That the Tenant shall pay the
annual rent of One Hundred Seventeen Thousand and 00/100 ($117,000.00) Dollars, said rent to be paid in equal monthly payments in advance on the 1st day of each and every month during the term aforesaid, as follows: Nine Thousand Seven Hundred Fifty
and 00/100 ($9,750.00) Dollars per month commencing on the first day of the first month and each and every month thereafter. Furthermore, if said rent is not received by the Landlord on or before the 10th day of the month, a 4% late charge will be
added to rent and shall be paid with rent. 
 2nd. That the Tenant shall take good care of the Premises and shall, at the
Tenant’s own cost and expense make all repairs except repairs to or replacement of heat, ventilation and air conditioning, plumbing, structural roof and mechanical systems (the “Landlord’s items”) which are the responsibility of
the landlord, and at the end or other expiration of the term, shall deliver up the Demised Premises in good order or condition, damages by the elements excepted. 
 3rd. That the Tenant shall promptly execute and comply with all statutes, ordinances, rules, orders, regulations and requirements of the Federal, State and Local Governments and of any and all
their Departments and Bureaus applicable to said premises, for the correction, prevention, and abatement of nuisances or other grievances, in, upon, or connected with said premises during said term; and shall also promptly comply with and execute
all rules, orders and regulations of the New York Board of Fire Underwriters, or any other similar body, at the Tenant’s own cost and expense. Landlord warrants and represents (i) that on the Commencement Date, the Demised Premises will
comply with all statutes, ordinances, rules, orders, regulations and requirements of the Federal, State and Local Governments and of any and all their Departments and Bureaus applicable to the Demised Premises and (ii) that any Local Government
approvals necessary for occupancy of the Demised Premises by Tenant and the conduct of Tenant’s intended business therein have been obtained and are in full force and effect, except any approvals that are required because of the nature of the
Tenant’s business (e.g., special use permits). 
 4th. That the Tenant, successors, heirs, executors or administrators shall
not assign this agreement, or underlet or underlease the premises, or any part thereof, or make any alternations on the premises, without the Landlord’s consent in writing, which consent shall not be unreasonably withheld; or occupy, or permit
or suffer the same to be occupied for any business or purpose deemed disreputable or extra-hazardous on account of fire, under the penalty of damages and forfeiture, and in the event of a breach thereof, the term herein shall immediately cease and
determine at the option of the Landlord as if it were the expiration of the original term. 
 5th. Tenant must give Landlord
prompt notice of fire, accident, damage or dangerous or defective condition. If the Premises can not be used because of fire or other casualty, Tenant is not required to pay rent for the time the Premises are unusable. If part of the Premises can
not be used, Tenant must pay rent for the usable part. Landlord shall have the right to decide which part of the Premises is usable. Landlord need only repair the damaged structural parts of the premises. Landlord is not required to repair or
replace any equipment, fixtures, furnishings or decorations unless originally installed by Landlord. Landlord is not responsible for delays due to settling insurance claims, obtaining estimates, labor and supply problems or any other cause not fully
under Landlord’s control. 
 If the fire or other casualty is caused by an act of neglect of Tenant, Tenant’s employees or
invitees, or at the time of the fire or casualty Tenant is in default in any term of this Lease, then all repairs will be made at Tenant’s expense and Tenant must pay the full rent with no adjustment. The cost of the repairs will be added rent.

 Landlord has the right to demolish or rebuild the Building if there is substantial damage by fire or other casualty. Landlord may
cancel this Lease within 30 days after the substantial fire 

 
or casualty by giving Tenant notice of Landlord’s intention to demolish or rebuild; if no notice is given, this Lease shall be deemed cancelled.
Tenant shall have the right to terminate the lease if 35% or greater of manufacturing/warehouse space of the Building has been rendered unusable, provided that Tenant gives Landlord notice of termination prior to the date, if any, on which Landlord
gives Tenant notice of Landlord’s intention to rebuild. This Lease will end 30 after (a) Landlord’s cancellation notice to Tenant, (b) Tenant’s cancellation notice to Landlord, or (c) the date on which this Lease is
deemed cancelled. Tenant must deliver the Premises to Landlord on or before the cancellation date in the notice and pay all rent due to the date of the fire or casualty. If the Lease is cancelled Landlord is not required to repair the Premises or
Building. The cancellation does not release Tenant of liability in connection with the fire or casualty. This Section is intended to replace the terms of New York Real Property Law Section 227. If there is substantial damage by fire or other
casualty not caused by an act or neglect of Tenant, Tenant’s employees or invitees, Tenant may cancel this Lease if Landlord fails to rebuild the Building and deliver possession of the rebuilt Demised Premises within six (6) months after
the date of Landlord’s notice to intention to rebuild. 
 6th. The said Tenant agrees that the said Landlord
and the Landlord’s agents and other representatives shall have the right to enter into and upon said premises, or any part thereof, at all reasonable hours on reasonable notice if possible for the purpose of examining the same, or making such
repairs or alternations therein as may be necessary for the safety and preservation thereof. 
 7th. The Tenant also agrees to
permit the Landlord or the Landlord’s agents to show the premises to persons wishing to hire or purchase the same at all reasonable hours on reasonable notice where possible; and the Tenant further agrees that on and after the sixth month, next
preceding the expiration of the term hereby granted, the Landlord or the Landlord’s agents shall have the right to place notices on the front of said premises, or any part thereof, offering the premises “To Let” or “For
Sale”, and the Tenant hereby agrees to permit the same to remain thereon without hindrance or molestation. 
 8th. That if the default be made in the payment of the said rent or any part thereof, or if any default be made in the performance of any of the covenants herein contained, including but
not limited to any anticipatory breach or default which Tenant fails to cure within ten (10) days after written notice of such default, the Landlord or Landlord’s representatives may re-enter the said premises by force, summary proceedings
or otherwise, and remove all persons therefrom, without being liable to prosecution therefor, and the Tenant hereby expressly waives the service of any notice in writing of intention to re-enter, and the Tenant shall pay at the same time as the rent
becomes payable under the terms hereof a sum equivalent to the rent reserved herein and additional rent or other charges reserved herein, and the Landlord may rent the premises on behalf of the Tenant, reserving the right to rent the premises for a
longer period of time than fixed in the original lease without releasing the original Tenant from any liability, applying any moneys collected, first to the expense of resuming or obtaining possession, second to restoring the premises to a rentable
condition, and then to the payment of the rent and all other charges due and to become due to the Landlord, any surplus to be paid to the Tenant, who shall remain liable for any deficiency. Landlord shall also have the option of accelerating all
sums, including rent, additional rent and other charges, becoming due under the terms hereof after the date of such breach or default. If landlord exercise such option, the Present Value (hereinafter define) as all such sums shall become immediately
due and payable as of the date on which Landlord notifies Tenant of Landlord’s exercises of its option to accelerate as hereinabove provided, together with all sums past due. As used herein, the term “Present Value” means the present
value of all sums due under the terms hereof after the date of Tenant’s breach or default, discounted at the rate of eight (8%) percent per annum. 
 9th. Landlord may replace, at the expense of Tenant, any and all broken glass in and about
the Demised Premises, such broken glass caused by carelessness, negligence or improper conduct on the part of the said Tenant or the Tenant’s agents or employees. Damage and injury to the Premises or the common areas of the building on which
the Premises is located, including the Landlord’s items, caused by the carelessness, negligence or improper conduct on the part of the said Tenant or the Tenant’s agents or employees shall be repaired as speedily as possible by the Tenant
at the Tenant’s own cost and expense, or if Tenant fails to do so, by the Landlord at the expense of Tenant. 
 10th. That the Tenant shall neither encumber nor obstruct the sidewalk in front of, entrance to, or halls and stairs of said premises, nor allow the same to be obstructed or encumbered in any
manner. 
 11th. The Tenant shall neither place, or cause or allow to be
placed, any sign or signs of any kind whatsoever at, in or about the entrance to said premises or any other part of same, except in or at such place or places as may be indicated the Landlord and consented to by the Landlord in writing. And in case
the Landlord or the Landlord’s representatives shall deem it necessary to remove any such sign or signs in order to paint the said premises or the building wherein same is situated or make any other repairs, alterations or improvements in or
upon said premises or building or any part thereof, the Landlord shall have the right to do so, providing the same be removed and replaced at the Landlord’s expense, whenever said repairs, alterations or improvements shall be completed.
Landlord shall provide directory signs for the tenants in the building in the first floor and second floor lobbies. The cost of manufacture of Tenant’s signs in the above referenced directory signs, and any replacement thereof, shall be borne
by Tenant. 
  

 12th. Intentionally Deleted. 
 13th. Intentionally Deleted. 
 14th. That this instrument shall not be a lien against said premises in respect to any mortgages that are now on or that hereafter may be placed against said premises, and that the recording of such mortgage or mortgages shall
have preference and precedence and be superior and prior in lien of this lease, irrespective of the date of recording and the tenant agrees to execute without cost, any such instrument which maybe deemed necessary or desirable to further effect the
subordination of this lease to any such mortgage or mortgages, In the event Tenant fails to execute any such instrument, Tenant herby authorizes Landlord to execute any such instrument with the same force as effect as if executed by Tenant. In the
alternative, Landlord shall have the option of canceling this Lease without incurring any expense or damage and the term hereby granted shall be expressly limited accordingly. Notwithstanding the foregoing, Landlord shall provide a subordination,
non-disturbance and attornment agreement (“SNDA”) in the form used by Landlord’s mortgage holder which Tenant shall execute and Landlord shall cause to be executed by the mortgage lender. 
 15th. The Tenant has this day deposited with the Landlord the sum of Five Thousand Five
Hundred Ninety and 00/100 ($5,590.00) Dollars as security for the full and faithful performance by the Tenant of all the terms, covenants and conditions of this lease upon the Tenant’s part to be performed, which said sum shall be returned to
the Tenant after the time fixed as the expiration of the term herein, provided the Tenant has fully and faithfully carried out all of said terms, covenants and conditions on Tenant’s part to be performed. In the event of a bona fide sale,
subject to this lease, the Landlord shall have the right to transfer the security to the vendee for the benefit of the Tenant and the Landlord shall be considered released by the Tenant from all liability for the return of such security; and the
Tenant agrees to look to the new Landlord solely for the return of the said security, and it is agreed that this shall apply to every transfer or assignment made of the security to a new Landlord. 
 16th. That Tenant shall not mortgage or otherwise encumber Tenant’s leasehold
interest in the Premises or the security deposited under this Lease, and shall not assign the security except in connection with an assignment to which Landlord consents pursuant to Paragraph 4th hereof. 
 17th. It is expressly understood and agreed that if the Tenant shall file or there be filed against Tenant a petition in bankruptcy or arrangement, or Tenant be adjudicated a bankrupt or make
an assignment for the benefit of creditors or take advantage of any insolvency act, the Landlord may, if the Landlord so elects, at any time thereafter terminate this lease and the term hereof , on giving to the Tenant five days’ notice in
writing of the Landlord’s intention so to do, and this lease and the term hereof shall expire and come to an end on the date fixed in such notice as if the said date were the date originally fixed in this lease for the expiration hereof. Such
notice may be given by mail to the Tenant addressed to the demised premises. 
 18th. That the Tenant will not nor will the Tenant permit undertenants or other persons to do anything in said premises, or bring anything into said premises, or permit anything to be brought into said premises or to
be kept therein, which will in any way increase the rate of fire insurance on said demised premises, nor use the demised premises or nay part thereof, nor suffer or permit their use for any business or purpose which would cause an increase in the
rate of fire insurance on said building, and the Tenant agrees to pay on demand any such increase. 
 19th. The failure of the Landlord to insist upon a strict performance of any of the terms, conditions and covenants herein, shall not be deemed a waiver of any rights or remedies that the Landlord may have, and shall
not be deemed a waiver of any subsequent breach or default in the terms, conditions and covenants herein contained. The failure of the Tenant to insist upon a strict performance of any of the terms, conditions and covenants herein, shall not be
deemed a waiver of any rights or remedies that the Tenant may have, and shall not be deemed a waiver of any subsequent breach of default in the terms, conditions and covenants herein contained. This instrument may not be changed, modified,
discharged or terminated orally. 
 20th. If the whole or any part of the
demised premises shall be acquired or condemned by Eminent Domain for any public or quasi public use or purpose, then and in that event, the term of this lease shall cease and terminate from the date of title vesting in such proceeding and Tenant
shall have no claim against Landlord for the value of any unexpired term of said lease. No part of any award shall belong to the Tenant. 
 21st. If after default in payment of rent or violation of any other provision of this
lease, or upon the expiration of this lease, the Tenant moves out or is dispossessed and fails to remove any trade fixtures or other property prior to such said default, removal expiration of lease, or prior to the issuance of the final order or
execution of the warrant, then and in that event, the said fixtures and property shall be deemed abandoned by the said Tenant and shall become the property of the Landlord. 
  

 22nd. It is mutually agreed between Landlord and Tenant that the respective parties hereto shall
and herby do waive trial by jury in any action, proceeding or counterclaim brought by either of the parties against the other on any matters whatsoever arising out of or in any way connected with this lease, the Tenant’s use or occupancy of
said premises, and/or any claim of injury or damage. 
 23rd. The Tenant waives all rights to redeem under any law of the State
of New York. 
 24th. This lease and the obligation of Tenant to pay rent hereunder and perform all of the other covenants and
agreements hereunder on part of Tenant to be performed shall in nowise be affected, impaired or excused because Landlord is unable to supply or is delayed in supplying any service expressly or impliedly to be supplied or is unable to make, or is
delayed in making any repairs, additions alternations or decorations or is unable to supply or is delayed in supplying any equipment or fixtures if Landlord is prevented or delayed from so doing by reason of governmental preemption in connection
with a National Emergency or in connection with any rule, order or regulation of any department or subdivision thereof of any governmental agency or by reason of the condition of supply and demand which have been or are affected by ware or other
emergency. 
 25th. No diminution or abatement of rent, or other compensation, shall be claimed or allowed for inconvenience or
discomfort arising from the making of repairs or improvements to the building or to its appliances, nor for any space taken to comply with any law, ordinance or order of a governmental authority. In respect to the various “services,” if
any, herein expressly or impliedly agreed to be furnished by the Landlord to the Tenant, it is agreed that there shall be no diminution or abatement of the rent, or any other compensation, for interruption or curtailment of such “service”
when such interruption or curtailment shall be due to accident, alternations or repairs desirable or necessary to be made or to inability or difficulty in securing supplies or labor for the maintenance of such “service” or to some other
cause, not negligence on the part of the Landlord. No such interruption or curtailment of any such “service” shall be deemed a constructive eviction. The Landlord shall not be required to furnish, and the Tenant shall not be entitled to
receive, any of such “services” during any period wherein the Tenant shall be in default in respect to the payment of rent. Neither shall there be any abatement or diminution of rent because of making of repairs, improvements or
decorations to the demised premises after the date above fixed for the commencement of the term, it being understood that rent shall, in any event, commence to run at such date so above fixed. 
 26th. Landlord shall not be liable for failure to give possession of the premises upon commencement date by reason of the fact that premises are
not ready for occupancy or because a prior Tenant or any other person is wrongfully holding over or is in wrongful possession, or for any other reason. The rent shall not commence until possession is given or is available, but the term herein shall
not be extended. 
 And the said Landlord doth covenant that the said Tenant on paying the said yearly rent, and performing the
covenants aforesaid, shall and may peacefully and quietly have, hold and enjoy the said demised premises for the term aforesaid, provided however, that this covenant shall be conditioned upon the retention of title to the premises by the Landlord.

 And it is mutually understood and agreed that the covenants and agreements contained in the within lease shall be binding upon the
parties hereto and upon their respective successors heirs, executors and administrators. 

 In Witness Whereof, the parties have
interchangeably set their hands and seals (or caused these presents to be signed by their proper corporate officers and caused their proper corporate seal to be hereto affixed) this _____ day of _________, 2004. 
 Signed, sealed and delivered 
  

					
	In the presence of	 	Sitterly Associates, LLC
		
		 	 /s/ Edward P. Abele L.S.

		
		 	Daystar Technologies Inc.
		
		 	 /s/ John R. Tuttle L.S.

  

					
	State of New York	  	}	  	
		  	}	  	ss.
	County of Saratoga	  	}	  	

 On the 25 day of May in the year 2004 before me, the undersigned, a Notary Public in and for said State, personally appeare John R. Tuttle personally known to me
or proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/ their capacity(ies) and that by
his/her/their signatures on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument. 
  

			
	PHYLLIS MILLIMAN	  	
	Notary Public, State of New York	  	
	No. 4992115	  	 /s/ Phyllis Milliman

	Qualified in Schenectady County	  	Notary Public
	Commission Expires February 18, 2006	  	

  

					
	State of New York	  	}	  	
		  	}	  	ss.
	County of Saratoga	  	}	  	

 On the 25 day of May in the year 2004 before me, the undersigned, a Notary Public in and for said State, personally appeared Edward Abele personally known to me
or proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in he/her/their capacity(ies) and that by his/her/their
signature(s) on the instrument, the individual(s) or the person upon behalf of which the individual(s) acted, executed the instrument. 
  

			
	 PHYLLIS MILLIMAN
	 	
	 Notary Public, State of New York
	 	
	 No. 4992115
	 	 /s/ Phyllis Milliman

	 Qualified in Schenectady County
	 	Notary Public
	 Commission Expires February 18, 2006
	 	

 In Consideration of the letting of the premises within mentioned to the within named Tenant and
the sum of $1.00 paid to the undersigned by the within named Landlord, the undersigned do hereby covenant and agree, to and with the Landlord and the Landlord’s legal representatives, that if default shall at any time be made by the said Tenant
in the payment of the rent and the performance of the covenants contained in the within lease, on the Tenant’s part to be paid and performed, that the undersigned will well and truly pay the said rent, or any arrears thereof, that may remain
due unto the said Landlord, and also pay all damages that may arise in consequence of the non-performance of said covenants, or either of them, without requiring notice of any such default from the said Landlord. The undersigned hereby waives all
right to trial by jury in any action or proceeding hereinafter instituted by the Landlord, to which the undersigned may be a party. 
 In Witness Whereof, the undersigned has set hand and seal this      day of                     ,2004

  

					
	WITNESS	  	  
	 	L.S.

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