Document:

Exhibit 10.8

     

    
      FORM
OF ASSIGNMENT

    

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      SCHEDULE
TO EXHIBIT 10.8 – FORM OF

      NOVEMBER 2008
ASSIGNMENT OF STOCK OPTIONS

      AGREEMENT
BY AND AMONG

      CERTAIN
NON-EMPLOYEE CONSULTANTS

      OF
THE COMPANY AND CERTAIN ASSIGNEES

      

      

      The
Assignment of Stock Options Agreement filed as Exhibit 10.8 is substantially
identical in all material respects to the Assignment of Stock Options Agreements
which have been entered into by the non-employee consultants of WindTamer
Corporation, Michael Hughes, Peter Kolokouris and Charles LaLoggia and the
following respective assignees effective as of the
dates below, except for a difference in the number of shares underlying
the stock options assigned to such assignees as 111 EJH, Inc., 609 MTH, Inc., 10
EJH, Inc., and April Wayenberg.

      

      
        
          	
                  Assignee

                	
                  Non-Employee
      Consultant

                	
                  Date

                	
                  Number of Shares

                	 
      
	 
      	 
      	 
      	 
      	 
      
	
                  400
      Terry Inc.

                	
                  Peter
      Kolokouris

                	
                  November
      25, 2008

                	
                  3,732,000

                	
                  .

                	 
      	 
      
	
                  500
      Sofia Inc.

                	
                  Peter
      Kolokouris

                	
                  November
      25, 2008

                	
                  3,732,000

                	 
      	 
      	 
      
	
                  300
      Ioannis Inc.

                	
                  Peter
      Kolokouris

                	
                  November
      25, 2008

                	
                  3,732,000

                	 
      	 
      	 
      
	
                  200
      Anastasios Inc.

                	
                  Peter
      Kolokouris

                	
                  November
      25, 2008

                	
                  3,732,000

                	 
      	 
      	 
      
	
                  100
      Demetrios Inc.

                	
                  Peter
      Kolokouris

                	
                  November
      25, 2008

                	
                  3,732,000

                	 
      	 
      	 
      
	
                  111
      EJH, Inc.

                	
                  Michael
      Hughes

                	
                  November
      25, 2008

                	
                  920,000

                	 
      	 
      	 
      
	
                  609
      MTH, Inc.

                	
                  Michael
      Hughes

                	
                  November
      25, 2008

                	
                  2,410,000

                	 
      	 
      	 
      
	
                  10
      EJH, Inc.

                	
                  Michael
      Hughes

                	
                  November
      25, 2008

                	
                  3,340,000

                	 
      	 
      	 
      
	
                  April
      Wayenberg

                	
                  Charles
      LaLoggia

                	
                  November
      3, 2008

                	
                  1,000,000EXHIBIT
10.6

    Board of
Director Fees

    

    The
following table sets forth the director fees for 2007 and 2008:

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          	 
      	 	
                                  2007

                                	 	 	
                                  2008

                                	 
	
                                  Annual
      Retainer

                                	 	$5,000	 	 	$5,000	 
	
                                  Board
      Meetings

                                	 	
                                  $670
      per meeting

                                	 	 	
                                  $670
      per meeting

                                	 
	
                                  Audit
      Committee Meetings

                                	 	
                                  $300
      per meeting

                                	 	 	
                                  $300
      per meeting

                                	 
	
                                  All
      Other Committee Meetings

                                	 	
                                  $200
      per meeting

                                	 	 	
                                  $200
      per meeting

                                	 
	
                                  Chairman’s
      Annual Salary*

                                	 	N/A	 	 	N/A	 
	
                                  Vice
      Chairman’s Annual Salary*

                                	 	$5,000	 	 	$5,000	 

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    *These
salaries only apply to independent outside directors; this payment will not
apply for the Chairman in 2009 as that position is filled by Mark D. Gainer who
also serves as Chief Executive Officer and President of Union National Financial
Corporation.Unassociated Document

    FIRST
AMENDMENT

    TO

    SECOND
AMENDED AND RESTATED

    SENIOR
SECURED CONVERTIBLE PROMISSORY NOTE

    

    This First Amendment to Second Amended
and Restated Senior Secured Convertible Promissory Note (“First Amendment”) is
made and entered into this 10th day of
March, 2009 by EAU Technologies, Inc., a Delaware corporation (the “Company”) and Water
Science, LLC, a Florida limited liability company (“Holder”).

    

    BACKGROUND

    

    WHEREAS, Company and Holder executed
and delivered that certain Second Amended and Restated Senior Secured
Convertible Promissory Note, dated October 6, 2008, in the original principal
amount of $3 million (the “Original
Note”).

    

    WHEREAS, the Company and the Holder
desire to execute and deliver this First Amendment of the Original
Note.

    

    NOW, THEREFORE, for and in
consideration of the sum of Ten and No/100 Dollars ($10.00) and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and the Holder do hereby agree as
follows:

    

    1.           The
following language is hereby deleted in its entirety from Section 1 of the
Original Note:

    

    “Default Rate” means
eight percent (8%) per annum.

    

    2.           All
references in the Original Note to “Default Rate” are hereby
changed to “Interest
Rate” (which term is defined in Section 3 below of this First
Amendment).

    

    3.           Section
2(a) of the Original Note is hereby deleted in its entirety and the following is
hereby inserted in its place:

    

    Calculation.  Except
as otherwise expressly provided in Section (6)(b)(i)
hereof, simple interest shall accrue (computed on the basis of actual days
elapsed and a year of 360 days) at the rate of ten percent (10%) per annum on
the unpaid principal amount of this Note outstanding (such interest rate being
referred to as the “Interest
Rate”).

    

    4.           Section
3(a) of the Original Note is hereby deleted in its entirety and the following is
hereby inserted in its place:

    

    Maturity
Date.  The Company shall pay the principal amount outstanding
hereunder together with accrued and unpaid interest thereon and any other
amounts payable to Holder in respect of this Note on the earlier of (i)
September 16, 2009, or (ii) the acceleration of the maturity of this Note by
Holder pursuant to Section (6)(b)(i),
(the earlier of such dates, the “Maturity Date”),
unless otherwise converted into Common Stock in accordance with Section
7.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    5.           Except
as expressly set forth herein, the Original Note shall remain unchanged and
unmodified and in full force and effect.

    

    6.           All
capitalized terms not otherwise defined in this First Amendment shall have the
meanings assigned to them in the Original Note.

     

    7.           This
First Amendment may be executed in one or more counterparts, each of which shall
be deemed an original, but all of which together shall constitute one and the
same instrument, with the same effect as if the signatures thereto were in the
same instrument.

     

    

     

    

     

    [Remainder
of page intentionally left blank.  Signatures on following
page.]

     

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    IN
WITNESS WHEREOF, the parties hereto have executed and delivered this First
Amendment under seal on the date first above written.

     

     

    
      
        	 	Company:	 
	 	EAU
      TECHNOLOGIES, INC.	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ Wade
      Bradley	 
	 	 	
                Wade
      Bradley

                Chief
      Executive Officer

              	 

    

    
      
         

         

        
          	 	      
                  Holder:

                	 
	 	WATER
      SCIENCE, LLC	 
	 	 	 	 
	
                   

                	
                  By:
      

                	/s/ Peter
      Ullrich	 
	 	 	
                        
                    Peter
      Ullrich

                    Manager

                  

                	 

      

    

     

    
      
         

      

      
        3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}]]