Document:

Exhibit 10.43 - MOU with The Onix Corporation.

Exhibit 10.43

Memorandum of Understanding between Global Green Solutions, Inc. (Global Green Solutions”) and The Onix Corporation. (“Onix”)

The parties agree to pursue the inclusion of onix into a joint venture entity (Global Greensteam) whose purpose will be to enter into steam supply contract with a Major Oil Company in California and other directly related projects in the area. Global Green Solutions is the operating partner in Global Greensteam.

Onix will be a 5% equity partner in Global Greensteam (the “Venture”), with Global Green Solutions holding a 57% share and ITS Engineered Systems holding a 38% share. The “definitive agreement” with Onix will be signed by all three parties. In recognition of investments already made by the other two parties. Global Green Solutions will invest the first $100,000 in the joint venture. Subsequent investments will be on a 57/38/5 basis.

Global Green Solutions will be the operating partner and be responsible for the project and operational management of the venture and the biomass fuel supply contracts. ITS will be responsible for the design, supply and support of the combustion and steam generation units. Onix will be responsible for the design, supply and support of solid fuel burners and related materials handling and ancillary systems. Global Greensteam will purchase Onix products and services, ITS products and services, and Global Green Solutions services and products on a cost plus basis. Global Greensteam intends to purchase all steam generator equipment and services from ITS and solid fuel burner and materials handling and ancillary systems from Onix subject to availability to meet project timescales. 

Onix will receive 150,000 restricted common shares of Global Green Solutions paid out in 3 tranches of 50,000 restricted common shares, one tranche due after 5 units, 10 units and 15 units are commissioned (delivering steam to a Major Oil Company).

This MOU will lead to a “Definitive Agreement” between Onix and Global Greensteam to be concluded by 31 December, 2006.

 

	The Onix Corporation  	Global Green Solutions Inc.  
	  
	Name  	Charles R. Verhoff  	                 Name  	J. Douglas Frater  
	Title  	President/C.E.O  	                  Title  	President & CEO  
	Date  	November 13, 2006  	                  Date   	November 13, 2006  
	  
	  	CHARLES R. VERHOFF  	  	J. DOUGLAS FRATER  

 

 

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Bus: 604-408-0153 - Toll Free: 866-408-0153 - Fax: 604-606-7980Exhibit 10.44 - MOU with ITS Engineered Systems, Inc.

Exhibit 10.44

Memorandum of Understanding between Global Green Solutions, Inc. (“Global Green Solutions”) and ITS Engineered Systems, Inc. (“ITS”)

The parties agree to pursue the formation of a joint venture entity (Global Greensteam) whose purpose will be to enter into steam supply contract with a major oil company in California and other directly related projects in the area.

Global Green Solutions and ITS will be 60/40 equity partners in Global Greensteam (the “Venture”), with Global Green Solutions shares including the interest formerly held by Greensteam LLC and acquired from Greensteam in a separate transaction. In recognition of investments already made by ITS, Global Green Solutions will invest the first $100,000 in the joint venture. Subsequent investments will be on a 60/40 basis.

Global Green Solutions will be the operating partner and be responsible for the project and operational management of the venture and the biomass fuel supply contracts. ITS will be responsible for the design, supply and support of the combustion and steam generation units. Global Greensteam will purchase ITS products and services and Global Green Solutions services and products on a cost plus basis. Global Greensteam intends to purchase all team generator equipment and services from ITS subject to availability to meet project timescales. 

ITS will receive 600,000 restricted common shares of Global Green Solutions paid out in 4 tranches of 150,000 restricted common shares, one tranche due at the time of the first unit being operational (delivering steam), and one tranche due after unites 5, 10 and 15 are operational.

This MOU will lead to a “Definitive Agreement” to be concluded by 31 December, 2006.

 

	ITS Engineered Systems Inc.  		Global Green Solutions Inc.  
	  
	Name  	John Ladd  		Name  	J. Douglas Frater  
	Title  	President  	     	Title  	President & CEO  
	Date  	November 14, 2006  		Date  	November 13, 2006  
	  
	  	JOHN LADD  		  	J. DOUGLAS FRATER  

 

 

 

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Bus: 604-408-0153 - Toll Free: 866-408-0153 - Fax: 604-606-7980lantronix_10k-ex10041.htm

    EXHIBIT
      10.4.1

     

     

    OPTION
      AGREEMENT

     

     

    
      
        

      

    

    
      	
              Optionee:

            	
              Grant
                date:

            

    

    Shares
      granted:

    Price
      per
      share:

    Option
      type:

    Option
      plan:

    Option
      ID:

    
      
        

      

    Lantronix,
      Inc., hereby grants an Option to purchase shares of its common stock (“Shares”)
      to the Optionee named above.  The terms and conditions of the Option
      are set forth below and in the 2000 Stock Plan (the “Plan”), as
      amended.

    

    
      	
              Shares
                will vest in accordance with the following schedule:

            	
              Vesting
                details:

            

    

     

    
      	
              Shares

            	
              Availability

            	
              Vest
                date

            	
              Expire
                date

            

    

    

     

     

     

     

     

     

    
      
        

      

    

     

    By
      signing below I attest I received the Prospectus, the Plan and the financial
      statements provided to me on the Lantronix Intranet at
http://inside.lantronis.com, filed under option grants.  I had
      an opportunity to review the documents and ask questions regarding their
      content.  I accept this Option Grant and agree to the terms of the
      Plan.

     
      
        

      

    

    

    
      	 	 	 
	
              Lantronix,
                Inc.

            	 	
              Date

            
	 	 	 
	 	 	 
	 	 	
              DateQuickLinks
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Exhibit 4.11    
    

	

 	 	KPMG LLP	 	 	 	 
	 	 	Chartered Accountants

2700-205 5 Avenue SW

Calgary AB T2P 4B9	 	Telephone

Telefax

Internet	 	(403) 691-8000

(403) 691-8008

www.kpmg.ca

	 

Alberta Securities Commission 

September 10,
2007 

Dear
Sirs 

TransCanada PipeLines Limited (the "Company")  

        We refer to the preliminary short form base shelf prospectus of the Company dated September 10, 2007 relating to the sale and issue of up to
US$2,500,000,000 debt securities of the Company. 

We
consent to the use, through incorporation by reference in the prospectus, of our report dated February 22, 2007 to the shareholders of the Company on the consolidated balance sheets as at
December 31, 2006 and 2005 and the consolidated statements of income, retained earnings and cash flows for each of the years in the three-year period ended
December 31, 2006. 

We
consent to the use, through incorporation by reference in the prospectus, of our report to the shareholders of the Company dated February 22, 2007 (except as to note 5, which is as of
March 15, 2007) on the related supplemental note entitled "Restated Reconciliation to United States GAAP" as at December 31, 2006 and 2005 and for each of the years in the
three-year period ended December 31, 2006. 

We
consent to the use, through incorporation by reference in the prospectus, of our comments for U.S. Readers on Canada-U.S. Reporting Differences dated
February 22, 2007. 

We
also consent to the use, through incorporation by reference in the prospectus, of our report to the shareholders of the Company dated February 22, 2007 on management's assessment of the
effectiveness of the internal control over financial reporting as of December 31, 2006 and the effectiveness of the Company's internal control over financial reporting as of
December 31, 2006. 

We
report that we have read the short form prospectus and all information specifically incorporated by reference therein and have no reason to believe that there are any misrepresentations in the
information contained therein that are derived from the consolidated financial statements upon which we have reported or that are within our knowledge as a result of our audit of such consolidated
financial statements. 

	 

KPMG LLP, a Canadian owned limited liability partnership, is the Canadian

member firm of KPMG International, a Swiss association 

  

	 

This letter is provided solely for the purpose of assisting the securities regulatory authority to which it is addressed in discharging its responsibilities and should not be
used for any other purpose. Any use that a third party makes of this letter, or any reliance or decisions based on it, are the responsibility of such third parties. We accept no responsibility for
loss or damages, if any, suffered by any third party as a result of decisions made or actions taken based on this letter. 

Yours
very truly 

	 

(Signed) KPMG LLP 

Chartered
Accountants

Calgary, Canada 

	 

KPMG LLP, a Canadian owned limited liability partnership, is the Canadian

member firm of KPMG International, a Swiss association 

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Exhibit 4.11QuickLinks
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EXHIBIT 10.96  

 
 

FIRST AMENDMENT TO THE
  CANO PETROLEUM, INC.
  EMPLOYEE RESTRICTED STOCK AWARD AGREEMENT    
    

        This FIRST AMENDMENT (the "Amendment") to the Employee Restricted Stock Award Agreement (the
"Agreement") dated            , 2007, is hereby made and entered as of the 20th day of August, 2007 by and between Cano
Petroleum, Inc., a Delaware corporation (the "Company")
and                        (the "Participant").
Terms used in this Amendment with initial capital letters that are not otherwise defined herein shall have the meanings ascribed to such terms in the Agreement. 

        WHEREAS, Section 17 of the Agreement provides that the parties to the Agreement may change or modify the Agreement in a writing
signed by the parties; and 

        WHEREAS, the parties desire to amend the Agreement's vesting provisions to reflect changes made by the Compensation Committee of Cano
Petroleum, Inc., on August 20, 2007. 

        NOW THEREFORE, pursuant to Section 17 of the Agreement, in consideration of the mutual promises, conditions and covenants contained
herein and in the Agreement, and other good and valuable consideration, the adequacy of which is hereby acknowledged, the parties agree as follows: 

	1.
	Section 3
of the Agreement shall be amended in its entirety to read as follows:

	3.
	Vesting. Except as specifically provided in this Agreement and subject to certain restrictions and conditions set forth in the Plan, the
Awarded Shares shall be vested as follows: 

[Vesting
information to be provided in each individual agreement]. 

Notwithstanding
the foregoing, in the event that a Change in Control occurs, then immediately prior to the effective date of such Change in Control, the total restricted stock not previously vested
shall thereupon immediately become vested. 

************* 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment the day and year first above written. 

	 	 	CANO PETROLEUM, INC.
	

 	
 	

By:	

    

	 	 	Name:	    

	 	 	Title:	    

	

 	
 	
PARTICIPANT
	

 	
 	

By:	

    

	 	 	Name:	    

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FIRST AMENDMENT TO THE CANO PETROLEUM, INC. EMPLOYEE RESTRICTED STOCK AWARD AGREEMENT

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