Document:

EXHIBIT
10.5

EMPLOYMENT
AGREEMENT

This Employment Agreement (“Agreement”) is
made by and between Open Energy Corp. (the “Company”) and Jeff Stein (“Employee”)
(individually, a “party” and together, the “parties”).  This Agreement shall be effective once signed
by all parties.

1.                                       Position.  Employee will begin employment with the
Company on November 1, 2006, as Financial Reporting Manager, reporting to
Cheryl Bostater.  Employee’s
responsibilities shall include participation in preparation of SEC reports and other
responsibilities as assigned from time to time. 
Employee’s precise responsibilities and job description are subject to
change at anytime in the sole and absolute discretion of Company.  Employee shall devote substantially full time
and attention to the business of the Company and shall perform all duties as
may be required of Employee.

2.                                       At Will
Employment.  Employee
will be employed on an at-will basis.  In
other words, Employee may resign at anytime, with or without cause, and with or
without notice.  Conversely, the Company
may terminate Employee’s employment any time, with or without cause, and with
or without notice.  The Company also
retains the right to transfer, demote, suspend or administer discipline with or
without cause and with or without notice, at any time.  This is the entire understanding with regard
to the terms in this Paragraph 2.  The
at-will nature of the employment relationship may only be modified in a writing
signed by Employee and the Company’s President.

3.                                       Background
Check.  The Company may periodically require
Employee to undergo a background check. 
Employee understands that failure to consent to the background check,
upon receipt of all appropriate notice and consent forms, and/or failure to
successfully pass a background check, will result in termination of employment.

4.                                       Compensation.  Employee’s compensation shall consist of an
annual salary, discretionary bonuses, benefits, and participation in the
Company’s Equity Compensation Plan when and if it is adopted by the board of
directors and the shareholders.

4.1                                 Annual Salary.  The Company shall pay to Employee a base
salary of $115,000 per year.  As with all
compensation, the salary will be subject to standard employment and income tax
withholding taxes.

4.2                                 Bonuses.  The Company may, in its sole and absolute
discretion, pay Employee a bonus payment as may be determined by the Board of
Directors.  The fact and the amount of
the bonus will be in the Company’s sole and absolute discretion and based upon
the Company’s performance and Employee’s performance.

4.3                                 Stock
Option Grant.  Promptly following the
adoption and effectiveness of an equity incentive plan by the Company,
management will recommend to the Board of Directors (or an authorized
committee) that Employee be granted an incentive stock option to purchase
shares of common stock under the terms of such plan.  The recommended
option will have an exercise price equal to the fair market value of our common
stock on the date the grant is issued.  Management will recommend the
following other terms for the option: exercisable for ten (10) years after
grant, subject to earlier termination upon termination of

Employee’s continuous
service; and vesting, vesting over three years.   If approved, the
recommended option will be issued subject to all of the terms of the equity
incentive plan under which it is issued.  The adoption of the equity
incentive plan will be in the sole discretion of the Board of Directors or an
authorized committee, and the plan may also be subject to stockholder approval.
If such plan is approved and becomes effective, the terms of any grant made to
Employee will be in the sole discretion of the Board of Directors or an
authorized committee, and notwithstanding management’s recommendation, may vary
from the terms set forth above.

4.4                                 Benefits.  Employee shall be eligible to participate in
the standard fringe benefits package generally made available to other regular
full-time employees, as such benefits may be determined, changed, or rescinded
from time to time by the Company.

5.                                       Expenses.  The Company shall reimburse Employee for any
and all expenses reasonably incurred by the Employee incurred in the course and
scope of Employee’s duties and which are substantiated in accordance with
Company’s reasonable policies and procedures.

6.                                       Nondisclosure
of Confidential Information.  The protection of confidential information is
essential to the Company.  To protect
such information, Employee shall not, during the term of this Agreement or at
any time thereafter, impart to anyone or use any confidential information or
trade secrets Employee may acquire in the performance of Employee’s duties,
except as required by law.

7.                                       No Solicitation.  Employee agrees that during Employee’s
employment and for a one year period after the termination of said employment,
Employee will not solicit for hire any current employees of the Company.

8.                                       Nondisclosure
of Confidential Information.  Employee will hold in complete confidence and
not disclose, produce, publish, permit access to, or reveal any information and
material which is proprietary to Company, whether or not marked as “confidential”
or “proprietary” and which is disclosed to or obtained by Employee, which
relates to Company’s business activities (“Confidential Information”).  Confidential Information shall not include
any information which is publicly available at the time of disclosure or
subsequently becomes publicly available through no fault of Employee or any of
its agents or employees.

8.1                                 Employee
will not copy, photograph, photocopy, alter, modify, disassemble, reverse
engineer, decompile, or in any manner reproduce any materials containing or
constituting Confidential Information without the express prior written consent
of Company, and will return all Confidential Information, together with any
copies thereof, promptly after the purposes for which they were furnished have
been accomplished, or upon the request of Company.  Additionally, upon request of Company, Employee
will return or destroy materials prepared by Employee that contain Confidential
Information.

8.2                                 Employee
shall take all reasonable measures necessary to protect the confidentiality of
the Confidential Information and to avoid disclosure or use of the Confidential
Information, except as permitted herein, including the highest degree of care
that Employee utilizes to protect Employee’s own confidential information.  Employee shall promptly

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notify Company in writing
of any misuse or misappropriation of Confidential Information which may come to
Employee’s attention.

8.3                                 Disclosure
of Confidential Information is not precluded if such disclosure is in response
to a valid order of a court or other governmental body of the United States or
any political subdivision thereof; provided that Employee will first give
notice to Company and make a reasonable effort to obtain a protective order
requiring that the Confidential Information be disclosed only for limited
purposes for which the order was issued.

8.4                                 Employee
shall use the Confidential Information only for the limited purpose for which
it was disclosed.  Employee shall not
disclose the Confidential Information to any third party (including
subcontractors) without first obtaining Company’s written consent and shall
disclose the Confidential Information only to its own employees having a need
to know.  Employee shall promptly notify
Company of any items of Confidential Information prematurely disclosed.

8.5                                 Employee
agrees that Company’s Confidential Information has been developed or obtained
by the investment of significant time, effort and expense and provides Company
with a significant competitive advantage in its business.  If Employee fails to comply with any
obligations hereunder, Employee agrees that Company will suffer immediate,
irreparable harm for which monetary damages will provide inadequate
compensation.  Accordingly, Employee
agrees that Company will be entitled, in addition to any other remedies
available to it, at law or in equity, to immediate injunctive relief to
specifically enforce the terms of this Agreement.

8.6                                 The
obligations set forth in this Paragraph 8 and its subparagraphs shall survive
expiration or termination of this Agreement.

9.                                       Assignment of
Inventions.  Employee
agrees that during the Term that all inventions that are developed using
equipment, supplies, facilities or trade secrets of the Company, or result from
work performed by Employee for the Company (collectively “Assigned Inventions”),
will be the sole and exclusive property of the Company and are hereby
irrevocably assigned by Employee to the Company.

10.                                 Assignment of
Intellectual Property Rights.  In addition to the foregoing assignment of
Assigned Inventions to the Company, Employee hereby irrevocably transfers and
assigns to the Company: (a) all worldwide patents, patent applications,
copyrights, mask works, trade secrets and other intellectual property rights in
any Assigned Invention, and (b) any and all “Moral Rights” (as defined below)
that Employee may have in or with respect to any Assigned Invention.  Employee also hereby forever waives and
agrees never to assert any and all Moral Rights Employee may have in or with
respect to any Assigned Invention, even after expiration or termination of this
Agreement.  For the purposes of this
Agreement, “Moral Rights” mean any rights to claim authorship of an Assigned
Invention to object to or prevent the modification of any Assigned Invention,
or to withdraw from circulation or control the publication or distribution of
any Assigned Invention, and any similar right, existing under judicial or
statutory law of any country in the world, or under any treaty, regardless of
whether or not such right is denominated or generally referred to as a “moral
right.”

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11.                                 Work for Hire.  Employee acknowledges and agrees that any
copyrightable works prepared by Employee during the Term are “works for hire”
under the Copyright Act and that the Company will be considered the author and
owner of such copyrightable works.

12.                                 Return of
Materials.  On
termination of the Employee’s employment for any reason whatsoever, the Employee
agrees to deliver promptly to the Company all files, forms, brochures, books,
materials, written correspondence, memoranda, documents, manuals, computer
disks, software products and lists of any nature whatsoever pertaining to the
business of the Corporation and its affiliates and subsidiaries in the
possession of the Employee or directly or indirectly under the control of the Employee
and not to make for his personal or business use or that of any other person,
reproductions or copies of any such property or other property of the
Corporation and its affiliates and subsidiaries.

13.                                 Human Resources
Policy and Procedures. 
Employee agrees to review and abide by personnel policies as well as any
Employee Handbook issued by Company. 
Employee understands that Company has the right to modify or rescind any
policies and procedures for any reason and without notice, except the policy
regarding at-will employment.

14.                                 General
Provisions.

14.1                           Governing Law
and Forum.  This
Agreement shall be governed in accordance with the laws of the State of
California.  Any disputes arising out of
Employee’s employment or this Agreement shall be brought in San Diego County,
California.

14.2                           Severability.  If any provision in this Agreement is held by
a court of competent jurisdiction to be invalid, void or unenforceable, the
remaining provisions shall nevertheless continue in full force without being
impaired or invalidated in anyway.

14.3                           Entire
Agreement.  This
Agreement contains all of the terms agreed upon by the parties with respect to
the subject matter of this Agreement, and supersedes any and all prior
agreements, arrangements, communications, understandings, documents or rules,
either oral or in writing, between the parties for the employment of Employee,
and contain all of the covenants and agreements between the parties for such
employment in any manner whatsoever. 
Each party to this Agreement acknowledges that no representations,
inducements, promises or agreements, orally or otherwise, have been made by any
party or anyone acting on behalf of any party which is not embodied in this
Agreement.  Any modification of this
Agreement will be effective only if in writing signed by Employee and Company’s
President.

	
  Dated:

  	
    11/1

  	
  , 2006

  	
   

  	
  OPEN ENERGY CORP. 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
         /s/ Cheryl
  Bostater 

  
	
   

  	
   

  	
  Its:        Cheryl
  Bostater, CFO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Dated:

  	
    11/1

  	
  , 2006

  	
   

  	
  /s/ Jeff Stein 

  
	
   

  	
   

  	
  Jeff Stein

  

 

 4EXHIBIT
10.6

AMENDMENT NO. 1

TO EMPLOYMENT AGREEMENT

THIS AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT, dated April
6, 2007 (“Amendment”), is made and entered into by and between Open
Energy Corporation, a Nevada corporation (the “Company”), and Jeff Stein,
an individual (“Employee”), with reference to the following facts:

A.                                   The
Company and Employee are parties to that certain Employment Agreement, effective
November 1, 2006 (“Employment Agreement”), which contains the terms and
conditions of Employee’s employment by the Company.

B.                                     The
Company and Employee wish to amend certain aspects of the Employment Agreement
relating to Employee’s position and compensation.

NOW, THEREFORE, the parties hereto, intending to be
legally bound hereby, agree as follows:

1.                                       Amendment
to Section 1 of the Employment Agreement. 
Section 1 of the Employment Agreement is hereby amended and restated in
its entirety, as follows:

Employee will serve as
Chief Financial Officer of the Company report directly to the Chief Executive
Officer of the Company.  Employee shall
have such executive responsibilities and shall perform such executive services
for the Company as may be consistent with his title. Employee shall devote
substantially full time and attention to the business of the Company and shall
perform all duties as may be required of Employee.

2.                                       Amendment
to Section 4 of the Employment Agreement. 
Subject to approval of the Compensation Committee and the Board of
Directors of the Company, the base salary in section 4.1 is increased to $150,000,
per annum and options shall be granted in accordance with Exhibit A to this
Amendment.

3.                                       Effect.  Except as and to the extent amended by this
Amendment, the Employment Agreement shall remain in full force and effect in
accordance with its terms.

4.                                       Counterparts.  This Amendment may be executed in two or more
counterparts and by facsimile, each of which shall be considered an original
instrument, but all of which together shall be considered one and the same
agreement, and shall become binding when one or more counterparts have been
executed and delivered by each of the parties hereto.

5.                                       Governing
Law.  This Amendment shall be
governed by and construed in accordance with the internal laws of the State of
California applicable to a contract executed and performed in the State of
California, without giving effect to the conflicts of laws principles thereof.

IN WITNESS WHEREOF, the parties hereto have executed
this Amendment effective as February 8, 2007.

	
  

  	
  COMPANY:

  
	
   

  	
   

  
	
   

  	
  OPEN ENERGY CORPORATION,

  
	
   

  	
  a Nevada corporation

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
      /s/ David Saltman

  
	
   

  	
   

  	
  David Saltman,

  
	
   

  	
   

  	
  Chief Executive
  Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  EMPLOYEE:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Jeff Stein

  
	
   

  	
  Jeff Stein, an
  individual

  

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EXHIBIT A

The Company hereby agrees to provide the Employee with  options for 350,000 shares (the “Stock Option
Grant”) of the Company’s common stock, under the Company’s 2006 Equity
Incentive Plan (the “Plan”), which options shall vest quarterly over three
years in accordance with the standard form of Option Agreement and  the provisions of the Plan.

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