Document:

Exhibit 10.25

AMENDMENT

TO

SUBLEASE
AGREEMENT

Amendment, dated as of January 1, 2007, between ITN Energy Systems,
Inc., a Colorado corporation (“Sublessor”), and Ascent Solar Technologies,
Inc., a Delaware corporation (“Sublessee”), to that certain Sublease Agreement
(“Sublease Agreement”), effective as of November 1, 2005, between Sublessor and
Sublessee.

RECITALS

A.            Sublessee currently
leases from Sublessor a portion of the premises (“Leased Premises”) leased to
Sublessor by that certain Office/R&D Lease, dated effective as of November
30, 2000, between ARA Building, L.L.C. as Lessor and Sublessor as Lessee.

B.            Sublessee desires to
increase the space in the Leased Premises that it is subleasing from Sublessor,
and Sublessor is willing to increase the space it is subleasing to Sublessee,
so that the aggregate amount subleased to Sublessee from the Leased Premises
equals approximately 14,244 rentable square feet, being that portion of the
building depicted on the map attached hereto as Schedule 1 (the “New Subleased
Premises”).

Accordingly, the parties hereto do hereby agree to amend the Sublease
Agreement as follows:

1.             Section 1 of the
Sublease Agreement is hereby amended to provide that the premises subleased
thereunder are the New Subleased Premises, and the term “Subleased Premises”
when used in the Sublease Agreement shall for all purposes be interpreted to
mean the New Subleased Premises.

2.             Section 4 of the
Sublease Agreement is hereby amended to provide that the rent from 1/1/07 to
6/30/07 is increased to $17,211 per month, the rent from 7/1/07 to
6/30/10 is increased to $18,991 per month, and the total rent payable under
the

 

Sublease Agreement
is nine hundred thirty thousand and twenty dollars ($930,920).  The provisions on pass-through expenses, and
Sublessee’s obligations to pay the same, shall remain the same though based on
the New Subleased Premises.

3.             Sublessee
understands and agrees that the equipment (“Equipment”) listed on Schedule 2
attached hereto may be kept by Sublessor on the New Subleased Premises at their
current location without charge to Sublessor. 
Sublessee grants Sublessor, its employees, agents, contractors and
invitees the non-exclusive right of ingress and egress to, through, in and on the
New Subleased Premises as needed from time-to-time by Sublessor in order to
use, repair or otherwise take action with respect to the Equipment; provided
that this right shall not permit Sublessor, its employees, agents, contractors
or invitees access to those portions of the New Subleased Premises which are
designated by Sublessee as restricted areas accessible to Sublessee’s employees
only due to the need to protect and secure its trade secrets and those portions
of its operation which are of a sensitive nature.  Use of the Equipment by Sublessor on the New
Subleased Premises shall be at Sublessor’s sole risk.  Sublessor hereby waives and releases
Sublessee from and against any and all claims, damages, losses, liabilities,
costs and expenses (collectively “Liabilities”) arising from Sublessor’s use of
any of the Equipment on the New Subleased Premises.  Sublessor shall indemnify, defend and hold
Sublessee harmless from and against any and all Liabilities, including without
limitation from and against reasonable attorneys’ fees, which may be incurred
by or asserted against Sublessee for any losses, injuries, death or other
damages suffered by Sublessor or its employees agents, contractors or invitees
using any portion of the Equipment on the New Subleased Premises.  Sublessee acknowledges and agrees that
Sublessor and its employees, agents, contractors and invitees have the absolute
right to, and are given the right of ingress and egress to, through, in and on
the New Subleased Premises in order to, remove the Equipment from the New
Subleased Premises; provided, however, Sublessor shall repair any damage to the
New Subleased Premises occasioned by such removal.

4.             All other terms and
conditions of the Sublease shall remain the same.

 2
 

 

IN WITNESS WHREOF, the parties have executed this Amendment to Sublease
as of the date first above written.

	
  

  	
  SUBLESSOR:

  
	
   

  	
   

  	
   

  
	
   

  	
  ITN Energy Systems, Inc.

  
	
   

  	
  a Colorado corporation

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ashutosh Misra

  
	
   

  	
  Its:

  	
  Executive Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SUBLESSEE:

  
	
   

  	
   

  	
   

  
	
   

  	
  Ascent Solar Technologies, Inc.,

  
	
   

  	
  a Delaware corporation

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Janet Casteel

  
	
   

  	
  Its:

  	
  Chief Accounting Officer

  
				

 

 3
 

 

CONSENT
OF LESSOR

The undersigned Lessor under that certain Office/R&D Lease,
effective as of November 30, 2000, between ARA Building, L.L.C. as lessor and
ITN Energy Systems, Inc. as lessee (the “Primary Lease”) hereby consents to the
foregoing Amendment to Sublease Agreement and the subletting of the New
Subleased Premises as described therein. 
This consent shall only apply to the Amendment to Sublease Agreement and
the subletting of the New Subleased Premises and shall not be deemed to
constitute consent to any other sublease or subletting of the Leased Premises
(as defined in the Primary Lease).

	
  LESSOR

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  /s/
  Matthew B. Foster

  	
   

  	
   

  	
   

  	
   

  

 

 4

 

Schedule
1

NEW SUBLEASED PREMISES

(MAP OF BUILDING)

	
  Total Square Footage of 8120 Shaffer Parkway

  	
   

  	
  18,780

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Square Footage Subleased to AST

  	
   

  	
  14,244

  	
   

  
	
  Remaining Square Footage ITN

  	
   

  	
  4,537

  	
   

  

 

 

Schedule 2

Equipment
owned by ITN Energy Systems, Inc. and

Physically located on subleased
premises of Ascent Solar Technologies, Inc.

1. Lab Equipment located in room 122

Solar Simulator/Characterization Equipment

 

 6Exhibit 10.30

CONSULTING
AGREEMENT

THIS
CONSULTING AGREEMENT (the “Agreement”) is entered into by and between Ascent
Solar Technologies, Inc.(“AST”), and Ashutosh Misra with an address of 16430 W.
Ellsworth Avenue, Golden, CO  80401 (“Consultant”).
AST and Consultant may be referred to collectively herein as the “Parties” or
individually as a “Party”.

RECITALS

Consultant
desires to perform for AST and AST desires to have Consultant perform the
certain services as an independent contractor.

NOW,
THEREFORE, in consideration of the foregoing and the mutual promises and
covenants contained below, the parties agree as follows:

AGREEMENT

1.             Provision of Services. Acting
as an independent contractor, Consultant agrees to perform the services listed
in Exhibit “A” attached hereto (the “Services”). In providing the Services,
Consultant shall report to Matt Foster or any other representative subsequently
designated by AST. Consultant shall use his best efforts and the highest
professional standards in providing the Services which shall be performed to
AST’s reasonable satisfaction.

2.             Compensation. AST will
compensate Consultant for Services performed in compliance with his Agreement
and Exhibit “A” hereto a monthly charge of $8,500.  Consultant shall invoice AST every two weeks
($4,250) for Services performed and any approved expenses incurred pursuant to
the provision of Services as set forth in Section 4 hereof.  Consultant agrees that except as expressly
set forth in this Section 2, Consultant shall not be entitled to any payments,
reimbursements, or compensation of any kind from AST for services rendered.

3.             Reimbursement for Expenses.
Consultant is not authorized to incur any expenses on behalf of AST without
prior consent of AST. All invoices submitted by Consultant for Services and
expenses shall be in the form prescribed by AST and shall be approved by the
individual to whom Consultant reports, named in Section 1, or that person’s
supervisor. During the term of this Agreement, AST shall reimburse Consultant
for all reasonable approved expenses incurred by  Consultant .

4.             Term and Termination. This
Agreement shall commence on February 19, 2007 and shall terminate on December
31, 2007 unless sooner terminated as provided herein. AST or Consultant may
terminate this Agreement with or without cause by giving 10 days written notice
to the other party.  AST may immediately
terminate this Agreement in the event Consultant breaches any provision
contained herein or in Exhibit “A” attached hereto.   This Agreement may be renewable for
consecutive one year terms upon written agreement between the parties.

5.             Taxes.  Consultant shall be solely responsible for
payment of all taxes and/or

 1
 

 

assessments
imposed on the payment of compensation for the performance of the Services
including, without limitation, any Colorado unemployment insurance or tax, any
federal, state and foreign income taxes, and any federal social security
payments (FICA).

6.             Restrictive Covenants.  Consultant agrees, for the Term of this
Agreement, to refrain from working with any company, or other entity which is
engaged in any business competitive with that of AST.

7.             No Solicitation.  Consultant agrees, for the term of this
Agreement, and for a period of one (1) year thereafter, directly or indirectly,
individually or on behalf of any other
person or entity, to refrain from soliciting, employing, contracting or
interfering with any of AST’s relationships with, or enticing away from
company, any employee, customer, licensee, distributor, vendor or other source
of supply of AST.

8.             No
Breach.  Consultant’s entering into this Agreement and
performing the obligations hereunder shall not result in a breach, default or
violation of any agreement to which Consultant is a party or otherwise bound.

9.             Return of Data. If requested
by AST during the term of this Agreement or thereafter, Consultant shall
promptly return any and all AST property that has come into Consultant’s
possession.  Upon termination of this
Agreement for any reason, Consultant shall, within ten (10) days of such
termination and in accordance with any instructions provided by AST, return to
AST any and all tangible AST property that has come into Consultant’s
possession, including all copies thereof and any notes, memoranda, and other
documents or other media relating thereto. 
Consultant shall not remove any AST property from AST premises without
written authorization from AST.  The
product of all work performed under this Agreement, including reports,
drawings, computer programs, data, devices or models, shall be the property of
AST, and AST shall have the sole right to use, sell, license, publish or
otherwise disseminate or transfer rights of such work product.

10.           Relationship.  During the term of
this Agreement, Independent Contractor shall be a self-employed independent
contractor with respect to performing Services for AST and not an agent or
employee of AST.

11.           Confidentiality. The Parties
acknowledge that this Agreement and any rights and obligations arising
hereunder shall be conditioned on Consultant executing a Confidentiality
Agreement in form of Exhibit “B” attached hereto and incorporated herein by
this reference.

12.           Remedies. Consultant
acknowledges that compliance with Sections 10 and 12 is necessary to protect
AST’s business and goodwill and that a breach of any of these provisions will
irreparably and continually damage AST, for which money damages may not be
adequate. In the event that Consultant breaches or threatens to breach Sections
10 and 12 of this Agreement, Consultant shall forfeit its rights to receive
payments under Section 2 herein. In addition, AST shall also be entitled to
preliminarily or permanently enjoin Consultant from violating this Agreement to

 2
 

 

prevent the
continuation of harm and obtain money damages insofar as they can be
determined. Nothing in this Agreement shall be construed to prohibit AST from
also pursuing any other remedy available to it, the parties having agreed that
all remedies are to be cumulative.

13.           Inventions/Patents.  Consultant shall promptly communicate to AST
all inventions made or conceived by Consultant in connection with Services
performed for AST, and without further consideration Consultant assigns all
right, title and interest in such inventions to AST and shall assist AST and its
nominees in every proper way, entirely at AST’s expense, to obtain, maintain
and defend for AST’s own benefit, patent, trademark, copyright, trade secret,
or other legal protection in all countries, the inventions to be and to remain
the property of AST or its nominees whether patented or not.  Consultant shall, at AST’s request, execute
any and all instruments and documents which AST may deem necessary or expedient
to assign and convey to AST, its successors, assigns or nominees, the sole and
exclusive right, title and interest in and to any such inventions, discoveries,
innovations, work products and developments, together with the instruments and
documents deemed necessary or expedient by AST in order to apply for, obtain,
and maintain patents and copyrights of the United States and foreign countries
therefor, in full compliance with applicable requirements.

14.           Copyrights.  Consultant, without further consideration,
assigns all right, title and interest in any copyrightable material created in
connection with this Agreement to AST and shall assist AST and its nominees in
every proper way, entirely at AST’s expense, to secure, maintain and defend for
AST’s own benefit, copyrights and any extensions and renewals thereof on any
and all such material including translations thereof in any and all countries,
such material to be and to remain the property of AST whether copyrighted or
not.  All materials produced by
Consultant under this Agreement shall be considered work made for hire.

15.           Warranty/License.  With respect to all subject matter including
ideas, processes, designs and methods which Consultant shall disclose or use in
the performance of this Agreement: (i) as an independent contractor, Consultant
warrants to company that Consultant has the right to make disclosure and use
thereof without liability to others; (ii) to the extent that Consultant has
patent applications, patents or other rights in the subject matter, Consultant
hereby grants AST, its subsidiaries and affiliates a royalty-free, irrevocable,
world-wide, non-exclusive license to make, have made, sell, use and disclose
such subject matter,; and (iii) Consultant agrees to hold AST harmless for use
of subject matter which Consultant knows or reasonably should know others have
rights in, except, however, for subject matter and the identity others having
rights in it that Consultant discloses to AST in writing before AST uses the
subject matter.

16.           Prevention of Damage.  Consultant further agrees that he shall take
such steps as may be reasonably necessary to prevent personal injury or
property damage during any work hereunder that may be performed by any
employees, agents, or subcontracts of the Consultant at the AST’s location, and
Consultant shall indemnify and hold harmless AST from and against all loss,
liability, and damages arising from or caused directly or indirectly by any act
or omission of Consultant and/or such agents, employees or subcontractors of
Consultant.

 3
 

 

17.           Indemnity.  Consultant shall indemnify AST from and
against any and all claims, losses, damages (including legal fees and costs),
arising from any non-fulfillment of Consultant’s covenants in this Agreement.
Consultant agrees to protect, indemnify and save harmless, AST, and its
affiliates, subsidiaries, officers, directors, employees, agents and
contractors, on demand, from any and all allegations, suits, claims, liability,
loss, damage, judgments, cost or expense (including attorney’s fees) arising
directly or indirectly from Consultant’s presence at the facilities, use of the
facilities of AST or from Consultant’s breach of this Agreement.  Consultant further agrees to notify AST in
writing regarding any such allegation, suit or claim, liability, loss, damage,
or breach and, upon notice from AST, to promptly and diligently prosecute,
resist, and defend the same.

18.           Miscellaneous

18.1        Entire
Agreement.  This Agreement constitutes the entire
agreement between the parties hereto regarding the subject matter hereof and
supersedes all oral or written agreements concerning the said subject
matter.  This Agreement may not be
modified except by written agreement signed by both Parties.

18.2        Assignment. 
Consultant shall not assign or transfer any rights or obligations under
this Agreement without the prior written consent of AST.  Subject to the limitations set forth herein,
this Agreement will inure to the benefit of and be binding upon the Parties,
their permitted successors and assigns.

18.3        Presumptions. 
In construing the terms of this Agreement, no presumption shall operate
in either Party’s favor as a result of its counsel’s role in drafting the terms
or provisions hereof.

18.4        Governing
Law and Venue. This Agreement shall be governed and construed
in accordance with the laws of the United States and the State of Colorado
without regard to the choice of law provisions thereof. Venue for any and all
disputes arising out of or under this Agreement shall be in a court of
competent jurisdiction in the State of Colorado, County of Jefferson.

18.5        Severability,
Waiver.  If any
provision of this Agreement is held by a court of competent jurisdiction to be
unenforceable, the remaining provisions shall remain in full force and effect.
Either party’s failure to insist in any one or more instances upon strict
performance by the other party of any of the terms of this Agreement shall not
be construed as a waiver of any continuing or subsequent failure to perform or
delay in performance of any term hereof.

18.6         Notices. Any
notice required by this Agreement or given in connection with it, shall be in
writing and shall be given to the appropriate party by personal delivery or by
certified mail, postage prepaid, or recognized overnight delivery services.

	
  If to Owner:

  	
   

  	
  If to Recipient:

  
	
   

  	
   

  	
   

  
	
  Ascent Solar
  Technolgies, Inc.

  	
   

  	
  Ashutosh Misra

  
	
  8120 Shaffer
  Parkway

  	
   

  	
  16430 W. Ellsworth Avenue

  

 

 4
 

 

	
  Littleton, CO 80127

  	
   

  	
  Golden, CO 80401

  

 

18.7  Headings.  Headings used in this Agreement are provided
for convenience only and shall not be used to construe meaning or intent.

18.8 Release.   Consultant acknowledges the risks and
hazards inherent upon entering AST’s facilities and hereby voluntarily assumes
all risks of personal or property loss, damage or injury (including death) that
may be sustained by Consultant or its employees while in or on any AST facility
and hereby releases AST, its affiliates, subsidiaries, officers, directors,
employees, agents and contractors from any and all liability, claims, demands
and causes of action whatsoever arising out of or related to any loss, damage
or injury (including death) that may be sustained by the Consultant, its
employees or property while in or on the facilities owned by, leased by, leased
to or under contract or control of AST.  This
release and shall be binding upon the distributees, heirs, executors and
administrators, successors and assigns of Consultant and its employees.

18.9 Inability to Contract For AST.   Consultant shall not have the right or the
authority to make any contracts or commitments for or on behalf of AST without
first obtaining the express written consent of AST.

18.9. Survival.
Consultant agrees that the provisions of Sections 10 and 12 hereof shall
survive termination of this Agreement and shall be fully enforceable
thereafter.

ACCEPTED
AND AGREED:

	
  ASCENT SOLAR TECHNOLOGIES, INC.

  	
  CONSULTANT

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By: 

  	
  /s/ Matthew B. Foster

  	
   

  	
  By: 

  	
  /s/ Ashutosh Misra

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title: 

  	
  President & CEO

  	
   

  	
  Title: 

  	
  Not Applicable

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date: 

  	
  February 19, 2007

  	
   

  	
  Date: 

  	
  February 19, 2007

  

 

 5

 

Exhibit “A”

Scope of
Work to be Performed by Consultant

General consulting with regard to financial
matters, including but not limited to funding

Minimum of 20 hours per week

 6
 

 

Exhibit “B”

Confidentiality
Agreement

CONSULTANT NONDISCLOSURE AGREEMENT

This Consultant
Nondisclosure Agreement (“Agreement”) is made and entered into as of February
19, 2007 by and between Ascent Solar Technologies, Inc., a Delaware corporation
(“Ascent”), and Ashutosh Misra (“Consultant”).

RECITALS

A.            Ascent owns certain proprietary information which is
confidential to it.

B.            Consultant wishes to provide certain services to Ascent.

C.            Both parties wish to enter into a consulting and services
relationship which may require Ascent to share its confidential information
with Consultant.  Accordingly, the
parties wish to enter into this Agreement to protect Ascent’s confidential
information and to define the use and means of sharing such confidential
information.

THEREFORE, in
consideration of discussions between the parties, Ascent and Consultant (on
behalf of itself, its agents and its representatives) hereby agreed as follows:

1.             Disclosure of Information.   Ascent shall disclose to Consultant certain
confidential information (“Confidential Information”) that includes, but is not
limited to, information embodied in written or electronic documents, memoranda,
reports, correspondence, specifications, drawings, computer software or other
media which is not generally known to others and which would be of economic
value if known, and which pertains to the research, development, production and
marketing of technology and products by Ascent, or to Ascent’s finances or
business operations.  Notwithstanding any
other provision of this Agreement, Confidential Information shall not include
any item of information which:

1.1          is
within the public domain prior to the time of disclosure by Ascent; or
thereafter becomes within the public domain other than as a result of
disclosure by Consultant, its agents or its representatives in violation of
this Agreement;

1.2          was,
before the date of disclosure, in the rightful possession of Consultant, as
evidenced by a writing or other document;

1.3          is
acquired by Consultant from a third party not under an obligation of
confidentiality to Ascent.

 7
 

 

Any item of information
that Consultant reasonably believes falls into categories 1.2 or 1.3 above will
only be exempted from the scope of Confidential Information if Consultant
promptly notifies Ascent in writing upon its discovery of the facts leading to
its belief.

2.              Use of Information.   The Confidential Information shall be used
by Consultant only to assist it in providing its services to and carrying out
its agreed-upon work for Ascent. 
Consultant shall not use the Confidential Information for any other
purpose.  Consultant may disclose the
Confidential Information only to such of its officers, directors, shareholders,
employees and agents as shall be reasonably necessary to accomplish the
foregoing purpose, and only if those persons are subject to confidentiality
obligations of similar scope.  The
Confidential Information shall remain the property of Ascent, and shall be
returned to Ascent upon termination of the consulting relationship or
immediately upon request.  Nothing herein
shall be construed as giving Consultant any license or rights with respect to
the Confidential Information.

3.             Confidentiality.   Consultant acknowledges that the
Confidential Information is a valuable, proprietary and confidential asset of
Ascent.   Consultant, for itself and for
its affiliates, officers, directors, shareholders, employees and agents, agrees
that, unless Ascent has given its prior written consent, it shall not disclose
any such Confidential Information received from Ascent to any other person,
firm, corporation, association, partnership or other entity for any reason or
purpose whatsoever except as contemplated herein.  Consultant agrees to exercise reasonable care
in safeguarding the Confidential Information against loss, theft, or other
inadvertent disclosure and agrees generally to take all reasonable steps
necessary to maintain confidentiality. 
Consultant shall: (i) restrict access to the Confidential Information to
those employees and agents who need to have access to it; (ii) inform such
employees and agents of the confidential nature of the information; and (iii)
inform such employees and agents of, and obligate them to abide by, the terms
and conditions of this Agreement.

4.             Remedies.   In the event of the breach or threatened
breach by Consultant of this Agreement, Ascent shall be entitled to seek
injunctive relief, both preliminary and permanent, enjoining and restraining
such breach or threatened breach.  Such
remedy shall be in addition to all of the remedies available to Ascent at law
or in equity, including the right to recover any and all damages that may be
sustained as a result of the breach.  In
addition to any other remedies available under this Agreement, Ascent shall
also be entitled to recover by means of an accounting any profits that
Consultant may have obtained as a result of such breach or threatened breach.

5.             No Obligation of Parties to
Proceed; Survival.   This Agreement
does not create any obligation on the part of either party to proceed with any
business relationship that is the subject of discussions between the
parties.  This Agreement shall remain in
full force and effect notwithstanding the termination of negotiations between
the parties or the entry into a business relationship by the parties.

6.             Attorney Fees.   In the event of any dispute or breach under
this Agreement, the prevailing party shall be entitled, whether or not any
action or arbitration is instituted, to recover from the other party its
reasonable costs, disbursements and attorney fees, including without limitation
at trial, on appeal, on denial of any petition for review, and in connection
with enforcement of any judgment.

 8
 

 

7.             Governing Law; Exclusive Venue.   This Agreement and disputes arising under it
shall be governed by the laws of the State of Colorado, without regard for
conflicts of law principles.  Exclusive
venue and jurisdiction over disputes arising under this Agreement shall be in
any federal or state court sitting in Denver County or Arapahoe County,
Colorado, and the parties hereby agree and consent to such venue and
jurisdiction.

8.             Entire Agreement.   This Agreement is the entire agreement of
the parties with respect to the subject matter and supersedes all prior or
contemporaneous oral or written communications or agreements between the
parties.  It shall not be modified in any
way except in writing signed by the parties. 
If any part of this Agreement shall become less than fully operative,
all other provisions of this Agreement shall, nevertheless, remain in full
force and effect.

DATED the day and year
first above written.

	
  

  	
  ASCENT SOLAR TECHNOLOGIES, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Matthew Foster

  
	
   

  	
   

  	
  Matthew Foster, President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  CONSULTANT

  
	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  /s/ Ashutosh Misra

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Ashutosh Misra

  
	
   

  	
   

  	
   

  
	
   

  	
  Print title:

  

 

 9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}]]