Document:

Exhibit
      10.42

     

    REGISTRATION
      RIGHTS AGREEMENT

    

    REGISTRATION
      RIGHTS AGREEMENT, dated as of August 17, 2006 (the “Agreement”)
      by and
      between Solomon Technologies, Inc., a Delaware corporation (the “Company”),
      and
      on the one hand, and each of the other parties whose signature appears on the
      signature pages hereto (each a “Holder”,
      and
      collectively, the “Holders”)
      on the
      other.

    

    WITNESSETH

    

    WHEREAS,
      in connection with the Securities Purchase Agreement by and between the parties
      hereto of even date herewith (the “Purchase
      Agreement”),
      the
      Company has agreed, upon the terms and conditions set forth therein, to issue
      shares of its common stock, par value $.001 per share (the “Common
      Stock”),
      to
      the Holders.

    

    NOW,
      THEREFORE, in consideration of the premises and the mutual agreements set forth
      herein, and other good and valuable consideration, the receipt and sufficiency
      of which are hereby acknowledged, the parties hereto hereby agree as
      follows:

    

    1. Certain
      Definitions.

    

    As
      used
      in this Agreement, the following terms shall have the meanings ascribed to
      them
      below:

    

    “Commission”:
      the
      Securities and Exchange Commission or any successor agency.

    

    “Common
      Stock”:
      Common
      Stock, par value $.001 per share, of the Company.

    

    “Person”:
      any
      natural person, corporation, partnership, limited liability company, firm,
      association, trust, government, governmental agency or other entity, whether
      acting in an individual, fiduciary, or other capacity.

    

    “Holder”
or
      “Holders”:
      the
      Holder identified in the Preamble hereto and any other Person who shall
      hereafter acquire Registrable Securities from a Holder and to whom the Holder
      assigns its rights under this Agreement and who agrees to become bound by the
      provisions of this Agreement in accordance with Section 3.3(a).

    

    “Registrable
      Securities”:
      shares
      of Common Stock (i) acquired pursuant to the Purchase Agreement, (ii) issued
      or
      issuable upon conversion of shares of Series C Preferred Stock, par value $0.001
      per share, of the Company acquired pursuant to the Purchase Agreement, or (iii)
      issued or issuable in respect of any such shares of Common Stock as a dividend,
      as a result of any stock split or combination, or in connection with a
      recapitalization, merger, consolidation or other reorganization; provided,
      that
      any shares of Common Stock constituting Registrable Securities shall cease
      to be
      such at such time as (A) they are distributed to the public pursuant to a
      registration statement under the Securities Act or Rule 144 thereunder, (B)
      they
      become subject to resale pursuant to Rule 144(k) under the Securities Act (or
      any successor provision) (“Rule
      144”),
      or
      (C) the Holder thereof may sell all such shares held by such Holder in a single
      90-day period under Rule 144 because such shares constitute not more than 1.0%
      of the outstanding shares of Common Stock.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    For
      all
      purposes of this Agreement, a “majority
      in interest”
of
      the
      Holders or a group thereof shall be determined on the basis of the Registrable
      Securities held by them.

    

    “Registration
      Statement”
means
      the registration statement or registration statements filed under the Securities
      Act covering the Registrable Securities.

    

    “Securities
      Act”:
      the
      Securities Act of 1933, as amended.

    

    2. Registration
      Rights.

    

    2.1 Mandatory
      Registration.

    

    (a) The
      Company shall prepare, and, as soon as practicable but in no event later than
      November 1, 2006, file with the Commission a Registration Statement covering
      the
      resale of all of the Registrable Securities. The Registration Statement prepared
      pursuant hereto shall register for resale all of the Registrable Securities.
      The
      Company shall use its commercially reasonable efforts to have the Registration
      Statement declared effective by the SEC as soon as practicable
      thereafter.

    

    (b) The
      registration pursuant to this Section 2.1 shall be on Form SB-2 (or any
      equivalent successor form), if permitted.

    

    2.2 Registration
      Procedures.
      When
      the Company, pursuant to the provisions of this Agreement, uses its reasonable
      best efforts to effect or cause the registration of any Registrable Securities
      under the Securities Act as provided in this Agreement, the Company shall,
      as
      expeditiously as possible:

    

    (a) prepare
      and file with the Commission a Registration Statement on Form SB-2, to the
      extent permitted, or other available form for the disposition of Registrable
      Securities in accordance with the intended method of disposition thereof
      (provided such intended method of distribution shall not include an underwritten
      public offering), which form shall be available for the sale of the Registrable
      Securities by the selling Holders thereof and such Registration Statement shall
      comply as to form in all material respects with the requirements of the
      applicable form and include all financial statements required by the Commission
      to be filed therewith, and the Company shall use its reasonable best efforts
      to
      cause such Registration Statement to become and remain effective (provided,
      however, that before filing a Registration Statement or prospectus or any
      amendments or supplements thereto, or comparable statements under securities
      or
      blue sky laws of any jurisdiction, the Company will furnish to one counsel
      designated by Holders of a majority of the Registrable Securities (the
“Designated
      Counsel”)
      participating in the planned offering, copies of all such documents proposed
      to
      be filed (including all exhibits thereto but excluding Annual Reports on Form
      10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K and any
      similar or successor reports), which documents will be subject to the reasonable
      review and reasonable comment of such counsel;

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

       

    

    (b) prepare
      and file with the Commission such amendments and supplements to such
      Registration Statement and the prospectus used in connection therewith as may
      be
      necessary to keep such Registration Statement effective until the date that
      is
      180 days after the earlier of (i) the release from escrow of all shares of
      Common Stock held in escrow pursuant to the terms of the Escrow Agreement (as
      defined in the Purchase Agreement) or (ii) the termination or expiration of
      the
      Escrow Agreement and to comply with the provisions of the Securities Act with
      respect to the sale or other disposition of all Registrable Securities covered
      by such Registration Statement in accordance with the intended methods of
      disposition (provided such intended methods of distribution shall not include
      an
      underwritten public offering) by the seller or sellers thereof as set forth
      in
      such Registration Statement;

    

    (c) furnish,
      without charge and upon request, to each seller of such Registrable Securities
      covered by such Registration Statement such number of copies of the prospectus
      included in such Registration Statement (including each preliminary prospectus)
      in conformity with the requirements of the Securities Act, and other documents,
      as such seller may reasonably request in order to facilitate the public sale
      or
      other disposition of the Registrable Securities owned by such seller (the
      Company hereby consenting to the use in accordance with all applicable law
      of
      each such Registration Statement (or amendment or post-effective amendment
      thereto) and each such prospectus (or preliminary prospectus or supplement
      thereto) by each such seller of Registrable Securities in connection with the
      offering and sale of the Registrable Securities covered by such Registration
      Statement or prospectus;

    

    (d) use
      its
      reasonable best efforts to register or qualify the Registrable Securities
      covered by such Registration Statement under such other applicable securities
      or
“blue sky” laws of such jurisdictions as any sellers of Registrable Securities
      shall reasonably request, provided that in no event shall the Company be
      required to qualify to do business as a foreign corporation in any jurisdiction
      where it would not, but for the requirements of this paragraph (d), be required
      to be so qualified, to subject itself to taxation in any such jurisdiction
      or to
      consent to general service of process in any such jurisdiction;

    

    (e) promptly
      notify each Holder selling Registrable Securities covered by such Registration
      Statement: (i) when the Registration Statement, any pre-effective amendment,
      the
      prospectus or any prospectus supplement related thereto or post-effective
      amendment to the Registration Statement has been filed and, with respect to
      the
      Registration Statement or any post-effective amendment, when the same has become
      effective; (ii) of any request by the Commission or state securities authority
      for amendments or supplements to the Registration Statement or the prospectus
      related thereto or for additional information; (iii) of the issuance by the
      Commission of any stop order suspending the effectiveness of the Registration
      Statement or the initiation of any proceedings for that purpose; (iv) of the
      receipt by the Company of any notification with respect to the suspension of
      the
      qualification of any Registrable Securities for sale under the securities or
      blue sky laws of any jurisdiction or the initiation of any proceeding for such
      purpose; and (v) subject to Section 2.2(i) hereof, of the existence of any
      fact
      of which the Company becomes aware which results in the Registration Statement,
      the prospectus related thereto or any document incorporated therein by reference
      containing an untrue statement of a material fact or omitting to state a
      material fact required to be stated therein or necessary to make any statement
      therein not misleading (provided that in no event shall the Company be required
      to include in such notification any material, non-public information); and,
      subject to Section 2.2(i), if the notification relates to an event described
      in
      clause (v), the Company shall promptly prepare and furnish to each such seller
      a
      reasonable number of copies of a prospectus supplemented or amended so that,
      as
      thereafter delivered to the Holders of such Registrable Securities, such
      prospectus shall not include an untrue statement of a material fact or omit
      to
      state a material fact required to be stated therein or necessary to make the
      statements therein in the light of the circumstances under which they were
      made
      not misleading;

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

       

    

    (f) comply
      with all applicable rules and regulations of the Commission, and make generally
      available to its security holders, as soon as reasonably practicable after
      the
      effective date of the Registration Statement (and in any event within 16 months
      thereafter), an earnings statement (which need not be audited) covering the
      period of at least 12 consecutive months beginning with the first day of the
      Company’s first calendar quarter after the effective date of the registration
      statement, which earnings statement shall satisfy the provisions of Section
      11(a) of the Securities Act and Rule 158 thereunder;

    

    (g) use
      its
      reasonable best efforts to obtain the withdrawal of any order suspending the
      effectiveness of the registration statement;

    

    (h) take
      all
      such other commercially reasonable actions as the Company deems necessary or
      advisable in order to expedite or facilitate the disposition of such Registrable
      Securities in accordance with this Agreement; 

    

    (i) notwithstanding
      anything to the contrary herein, at any time after the Registration Statement
      has been declared effective by the Commission, the Company may delay the
      disclosure of material non-public information concerning the Company the
      disclosure of which at the time is not, in the good faith opinion of the Board
      of Directors of the Company and its counsel, in the best interest of the Company
      and, based upon the advice of counsel to the Company, otherwise required (a
      “Grace
      Period”);
      provided, that the Company shall promptly (i) notify the Holders in writing
      of
      the existence of material non-public information giving rise to a Grace Period
      (provided that in each notice the Company will not disclose the content of
      such
      material non-public information to the Holders) and the date on which the Grace
      Period will begin, and (ii) notify the Holders in writing of the date on which
      the Grace Period ends; and, provided further, that during any three hundred
      sixty five (365) day period such Grace Periods shall not exceed an aggregate
      of
      ninety (90) days (each, an “Allowable
      Grace Period”).
      For
      purposes of determining the length of a Grace Period above, the Grace Period
      shall begin on and include the date the Holders receive the notice referred
      to
      in clause (i) and shall end on and include the later of the date the Holders
      receive the notice referred to in clause (ii), the last day on which such Grace
      Period will be on Allowable Grace Period and (iii) the date referred to in
      such
      notice. The provisions of the last clause of Section 2.2 (e) hereof shall not
      be
      applicable during the period of any Allowable Grace Period. Upon expiration
      of
      the Grace Period, the Company shall again be bound by the last clause of Section
      2.2 (e) with respect to the information giving rise thereto unless such material
      non-public information is no longer applicable; and

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

       

    

    (j) make
      available for inspection by the Holders selling Registrable Securities, and
      any
      attorney, accountant or other agent retained by any of such Holders, including
      the Designated Counsel (collectively, the “Inspectors”), all pertinent financial
      and other records, pertinent corporate documents and properties and other
      pertinent information of the Company (collectively, the “Records”) as shall be
      reasonably necessary to enable them to exercise their due diligence
      responsibility, and cause the Company’s officers, directors and employees to
      supply all pertinent information reasonably requested by any such Inspector
      in
      connection with such registration statement; provided that the Company’s
      obligations under this paragraph are conditioned upon the execution by such
      Inspectors of a confidentiality agreement in form reasonably satisfactory to
      the
      Company.

    

    It
      shall
      be a condition precedent to the Company’s obligations under this Section 2 that
      each seller of Registrable Securities as to which any registration is being
      effected furnish the Company such information regarding such seller, the
      Registrable Securities held by it and the intended method of distribution of
      such securities as the Company may from time to time reasonably request provided
      that such information shall be used only in connection with such registration;
      provided,
      however,
      that
      any such information shall be given or made by a seller of Registrable
      Securities without representation or warranty of any kind whatsoever, except
      representations with respect to the identity of the seller, such seller’s
      Registrable Securities and such seller’s intended method of distribution or any
      other representations required by applicable law.

    

    Each
      Holder, by such Holder’s acceptance of the Registrable Securities, agrees to
      cooperate with the Company as reasonably requested by the Company in connection
      with the preparation and filing of any Registration Statement hereunder unless
      such Holder has notified the Company in writing of such Holder’s election to
      exclude all of such Holder’s Registrable Securities from such Registration
      Statement.

    

    Each
      Holder of Registrable Securities agrees that upon receipt of any notice from
      the
      Company of the happening of any event of the kind described in clause (v) of
      paragraph (e) of this Section 2.2, such Holder will immediately discontinue
      such
      Holder’s disposition of Registrable Securities pursuant to the registration
      statement covering such Registrable Securities until such Holder’s receipt of
      the copies of the supplemented or amended prospectus contemplated by paragraph
      (e) of this Section 2.2 and if so directed by the Company will deliver to the
      Company (at the Company’s expense) all copies, other than permanent file copies,
      then in such Holder’s possession of the prospectus covering such Registrable
      Securities that was in effect at the time of receipt of such
      notice.

    

    2.3 Registration
      Expenses.
      The
      Company shall, whether or not any registration pursuant to this Agreement
      becomes effective, pay all reasonable and customary expenses incident to the
      Company’s performance of or compliance with this Article 2, including (i)
      Commission, stock exchange or NASD registration and filing fees and all listing
      fees and fees with respect to the inclusion of securities in NASDAQ, (ii) fees
      and expenses of compliance with state securities or “blue sky” laws and in
      connection with the preparation of a “blue sky” survey, including without
      limitation, reasonable fees and expenses of blue sky counsel, (iii) printing
      expenses, (iv) messenger and delivery expenses, (v) internal expenses
      (including, without limitation, all salaries and expenses of the Company’s
      officers and employees performing legal and accounting duties), (vi) fees and
      disbursements of counsel for the Company and (vii) the reasonable and documented
      fees and disbursements of the Designated Counsel, which amount shall not exceed
      $5,000. Notwithstanding the foregoing, (A) the provisions of this Section 2.3
      shall be deemed amended to the extent necessary to cause these expense
      provisions to comply with “blue sky” laws of each state in which the offering is
      made and (B) in connection with any registration hereunder, each Holder of
      Registrable Securities being registered shall pay all underwriting discounts
      and
      commissions and transfer taxes, if any, attributable to such Registrable
      Securities and their other out-of-pocket expenses.

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

       

    

    2.4 Indemnification
      and Contribution.

    

    (a) In
      the
      event of any registration of any of the Registrable Securities under the
      Securities Act pursuant to this Agreement, to the extent permitted by law,
      the
      Company will indemnify and hold harmless the seller of such Registrable
      Securities, and each other person, if any, who controls such seller or
      underwriter within the meaning of the Securities Act or the Exchange Act (each,
      a “Seller
      Indemnified Party”)
      against any losses, claims, damages or liabilities, joint or several, to which
      such Seller Indemnified Party may become subject under the Securities Act,
      the
      Exchange Act, state securities or Blue Sky laws or otherwise, insofar as such
      losses, claims, damages or liabilities (or actions in respect thereof) arise
      out
      of or are based upon any untrue statement or alleged untrue statement of any
      material fact contained in any Registration Statement under which such
      Registrable Securities were registered under the Securities Act, any preliminary
      prospectus or final prospectus contained in the Registration Statement, or
      any
      amendment or supplement to such Registration Statement, or arise out of or
      are
      based upon the omission or alleged omission to state a material fact required
      to
      be stated therein or necessary to make the statements therein not misleading;
      and the Company will reimburse such Seller Indemnified Party for any legal
      or
      other expenses (in each case, to the extent such expenses are documented and
      reasonable) incurred by such Seller Indemnified Party in connection with
      investigating or defending any such loss, claim, damage, liability or action;
      provided,
      however,
      that
      the foregoing indemnification and reimbursement (i) shall not apply to the
      extent that any such loss, claim, damage or liability arises out of or is based
      upon any untrue statement or omission made in such Registration Statement,
      preliminary prospectus, final prospectus or in any filing made in connection
      with the securities or blue sky laws of any jurisdiction, or any such amendment
      or supplement thereto, in each case, in reliance upon and in conformity with
      information furnished to the Company, in writing, by or on behalf of such Seller
      Indemnified Party in its capacity as a selling stockholder or controlling person
      thereof specifically for use in the preparation thereof; (ii) with respect
      to
      any preliminary prospectus, shall not inure to the benefit of any such person
      from whom the person asserting any such loss, claim, damage or liability
      purchased the Registrable Securities that are the subject thereof (or to the
      benefit of any person controlling such person) if the untrue statement or
      omission of material fact contained in the preliminary prospectus was corrected
      in the prospectus, as then amended or supplemented, and the Seller Indemnified
      Party was promptly advised in writing not to use the incorrect prospectus prior
      to the use giving rise to a violation and such Seller Indemnified Party,
      notwithstanding such advice, used it or failed to deliver the correct prospectus
      as required by the Securities Act; (iii) shall not be available to the extent
      such loss, claim, damage or liability is based on a failure of the Holder to
      deliver or to cause to be delivered the prospectus made available by the
      Company, including a corrected prospectus; and (iv) shall not apply to amounts
      paid in settlement of any loss, claim, damage or liability if such settlement
      is
      effected without the prior written consent of the Company.

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

       

    

    (b) In
      the
      event of any registration of any of the Registrable Securities under the
      Securities Act pursuant to this Agreement, each seller of Registrable
      Securities, severally and not jointly, will indemnify and hold harmless the
      Company, each of its directors and officers and each person, if any, who
      controls the Company within the meaning of the Securities Act or the Exchange
      Act (each, a “Company
      Indemnified Party”),
      against any losses, claims, damages or liabilities, joint or several, to which
      such Company Indemnified Party may become subject under the Securities Act,
      Exchange Act, state securities or Blue Sky laws or otherwise, insofar as such
      losses, claims, damages or liabilities (or actions in respect thereof) arise
      out
      of or are based upon any untrue statement or alleged untrue statement of a
      material fact contained in any Registration Statement under which such
      Registrable Securities were registered under the Securities Act, any preliminary
      prospectus, final prospectus or summary prospectus contained in the Registration
      Statement, or any amendment or supplement to the Registration Statement, or
      arise out of or are based upon any omission or alleged omission to state a
      material fact required to be stated therein or necessary to make the statements
      therein not misleading, if the statement or omission was made in reliance upon
      and in conformity with information relating to such seller furnished in writing
      to the Company by or on behalf of such seller in its capacity as a selling
      stockholder or controlling person thereof specifically for use in connection
      with the preparation of such Registration Statement, preliminary prospectus,
      final prospectus, or in any filing made in connection with the securities or
      blue sky laws of any jurisdiction or any amendment or supplement thereto and
      each seller of Registrable Securities shall reimburse the Company for any legal
      or other expenses (in each case, to the extent such expenses are documented
      and
      reasonable) incurred by such Company Indemnified Party in connection with
      investigating or defending any such loss, claim, damage, liability or
      action.

    

    (c) Each
      party entitled to indemnification under this Section 2.4 (the “Indemnified
      Party”)
      shall
      give notice to the party required to provide indemnification (the “Indemnifying
      Party”)
      promptly after such Indemnified Party has actual knowledge of any claim as
      to
      which indemnity may be sought, and shall permit the Indemnifying Party to assume
      the defense of any such claim or any litigation resulting therefrom;
provided,
      that
      counsel for the Indemnifying Party, who shall conduct the defense of such claim
      or litigation, shall be approved by the Indemnified Party (whose approval shall
      not be unreasonably withheld); and, provided further,
      that
      the failure of any Indemnified Party to give notice as provided herein shall
      not
      relieve the Indemnifying Party of its obligations under this Section 2.4 except
      to the extent, if any, that the Indemnifying Party shall have been actually
      prejudiced as a result of such failure (except that the Indemnifying Party
      shall
      not be liable for any expenses incurred during the period in which the
      Indemnified Party failed to give such notice). The Indemnified Party may
      participate in such defense at such party’s expense; provided,
      however,
      that
      the Indemnifying Party shall pay such expense if representation of such
      Indemnified Party by the counsel retained by the Indemnifying Party would be
      inappropriate due to actual or potential differing interests between the
      Indemnified Party and any other party represented by such counsel in such
      proceeding. No Indemnifying Party, in the defense of any such claim or
      litigation shall, except with the consent of each Indemnified Party, consent
      to
      entry of any judgment or enter into any settlement which does not include as
      an
      unconditional term thereof the giving by the claimant or plaintiff to such
      Indemnified Party of a release from all liability in respect of such claim
      or
      litigation, and no Indemnified Party shall consent to entry of any judgment
      or
      settle such claim or litigation without the prior written consent of the
      Indemnifying Party.

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

       

    

    (d) In
      order
      to provide for just and equitable contribution to joint liability under the
      Securities Act in any case in which either (i) any Holder of Registrable
      Securities exercising rights under this Agreement, or any controlling person
      of
      any such Holder, makes a claim for indemnification pursuant to this Section
      2.4
      but it is judicially determined (by the entry of a final judgment or decree
      by a
      court of competent jurisdiction and the expiration of time to appeal or the
      denial of the last right of appeal) that such indemnification may not be
      enforced in such case notwithstanding the fact that this Section 2.4 provides
      for indemnification in such case, or (ii) contribution under the Securities
      Act may be required on the part of any such selling Investor or any such
      controlling person in circumstances for which indemnification is provided under
      this Section 2.4; then, in each such case, the Company and such Holder will
      contribute to the aggregate losses, claims, damages or liabilities to which
      they
      may be subject (after contribution from others) in such proportions as are
      appropriate to reflect relevant equitable considerations, including the relative
      fault of the Company, on the one hand, and the Holder, on the other, in
      connection with the statement or omissions that resulted in such losses, claims,
      damages, liabilities or actions, as well as any other relevant equitable
      considerations including the failure to give any notice under Section 2.4(d)
      above. The relative fault shall be determined by reference to, among other
      things, whether the untrue or alleged untrue statement of a material fact or
      the
      omission or alleged omission to state a material fact relates to information
      supplied by the Company, on the one hand, or by the Holder, on the other, and
      to
      the parties' relative intent, knowledge, access to information and opportunity
      to correct or prevent such statement or omission. 

    

    The
      Company and the Holders of Registrable Securities agree that it would not be
      just and equitable if contribution pursuant to this Section 2.4(d) were
      determined by pro rata
      allocation (even if all of the Holders of Registrable Securities were treated
      as
      one entity for such purpose) or by any other method of allocation that does
      not
      take account of the equitable considerations referred to in the immediately
      preceding paragraph. The amount paid or payable by an indemnified party as
      a
      result of the losses, claims, damages, liabilities or action referred to in
      the
      immediately preceding paragraph shall be deemed to include, subject to the
      limitations set forth above, any legal or other expenses reasonably incurred
      by
      such indemnified party in connection with investigating or defending any such
      action or claim. Notwithstanding the foregoing, no person or entity guilty
      of
      fraudulent misrepresentation, within the meaning of Section 11(f) of the
      Securities Act, shall be entitled to contribution from any person or entity
      who
      is not guilty of such fraudulent misrepresentation.

    

    3. General.

    

    3.1 Notices
      and Other Communications.
      All
      notices, requests, demands and other communications made in connection with
      this
      Agreement shall be in writing and shall be deemed to have been duly given (a)
      on
      the date of delivery, if delivered to the persons identified below, (b) five
      calendar days after mailing if mailed, with proper postage, by certified or
      registered mail, return receipt requested, (c) on the date of receipt if sent
      by
      telecopy, and confirmed in writing in the manner set forth in (b) on or before
      the next day after the sending of the telecopy, or (d) one business day after
      delivered to a nationally recognized overnight courier service marked for
      overnight delivery, in each case addressed:

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

       

    

    to
      the
      Holders at their respective addresses set forth on the stock records of the
      Company

    

    with
      a
      copy to:

    

    Pepe
      & Hazard, LLP

    225
      Franklin Street

    16th
      Floor

    Boston,
      MA 02110-2804

    Attention:
      Stephen B. Hazard, Esq.

    Fax:
      (617) 748-5555

    

    to
      the
      Company at:

    Solomon
      Technologies, Inc.

    1400
      L&R Industrial Boulevard

    Tarpon
      Springs, FL 34689

    Attention:
      Peter W. DeVecchis, Jr.

    Fax:
      (727) 934-8779

    

    with
      a
      copy to:

    

    Davis
      & Gilbert LLP

    1740
      Broadway

    New
      York,
      NY 10019

    Attention:
      Walter M. Epstein, Esq.

    Fax:
      (212) 468-4888

    

    or
      to
      such other address as any party may, from time to time, designate in a written
      notice given in a like manner.

    

    3.2 Amendments.
      This
      Agreement may be amended only by written instruments signed by the Company
      and a
      majority in interest of the Holders. No waiver of any right or remedy provided
      for in this Agreement shall be effective unless it is set forth in writing
      signed by a majority in interest of the Holders. No waiver of any right or
      remedy granted in one instance shall be deemed to be a continuing waiver under
      the same or similar circumstances thereafter arising.

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

       

    

    3.3 Miscellaneous.

    

    (a) This
      Agreement shall be binding upon and inure to the benefit of and be enforceable
      by the parties hereto and the respective successors and assigns of the parties
      hereto, whether so expressed or not. This Agreement and the rights of the
      parties hereunder may be assigned by any of the parties hereto to any transferee
      of Registrable Securities if: (i) the Holder agrees in writing with the
      transferee or assignee to assign such rights, and a copy of such agreement
      is
      furnished to the Company within a reasonable time after such assignment; (ii)
      the Company is, within a reasonable time after such transfer or assignment,
      furnished with written notice of (a) the name and address of such transferee
      or
      assignee, and (b) the securities with respect to which such registration rights
      are being transferred or assigned; (iii) immediately following such transfer
      or
      assignment the further disposition of such securities by the transferee or
      assignee is restricted under the Securities Act and applicable state securities
      laws; (iv) at or before the time the Company receives the written notice
      contemplated by clause (ii) of this sentence the transferee or assignee agrees
      in writing with the Company to be bound by all of the provisions contained
      herein; and (v) such transfer shall have been made in accordance with the
      applicable requirements of the Investment Representation Certificate executed
      by
      the Holder.

     

    (b) If
      any
      term, provision, covenant or restriction of this Agreement or any exhibit hereto
      is held by a court of competent jurisdiction to be invalid, void or
      unenforceable, the remainder of the terms, provisions, covenants and
      restrictions of this Agreement and such exhibits shall remain in full force
      and
      effect and shall in no way be affected, impaired or invalidated.

    

    (c) This
      Agreement may be executed in one or more counterparts, all of which shall be
      considered one and the same agreement, and shall become effective when one
      or
      more of the counterparts have been signed by each party and delivered to the
      other parties, it being understood that all parties need not sign the same
      counterpart.

    

    (d) This
      Agreement shall be governed by and construed and enforced in accordance with
      the
      laws of the State of New York, without giving effect to conflict of laws
      principles that would require the application of the laws of another
      jurisdiction.

    

    (e) Except
      as
      set forth in Sections 2.4(a) and (b), this Agreement is intended for the benefit
      of the parties hereto and their respective permitted successors and assigns,
      and
      is not for the benefit of, nor may any provision hereof be enforced by, any
      other Person.

    

    [The
      remainder of this page intentionally left blank]

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Company and Holders have caused this Agreement to be
      executed and delivered by their respective officers thereunto duly
      authorized.

     

    
      	 	 	 
	 	THE
              COMPANY:
	 	 
	 	SOLOMON TECHNOLOGIES, INC. 
	 
 	 
 	 
 
	 	By:  	/s/
              Peter W. DeVecchis, Jr.
	 	Name: Peter W. DeVecchis, Jr.
	 	Title:
              President

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    SIGNATURE
      PAGE

    TO
      

    REGISTRATION
      RIGHTS AGREEMENT

    

    

    IN
      WITNESS WHEREOF, the
      undersigned has executed this Agreement on the day and year first above
      written.

    

    
      	 	 	HOLDER: 	 
	 	 	 	 
	 	 	POWER DESIGNS,
              INC. 
	 	 	 	 
	 	 	/s/ Anthony F. Intino,
              II 	 
	 	 	By: Anthony F. Intino, II 	 
	 	 	Its: President 	 

    

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    SIGNATURE
      PAGE

    TO
      

    REGISTRATION
      RIGHTS AGREEMENT

    

    

    IN
      WITNESS WHEREOF, the
      undersigned has executed this Agreement on the day and year first above
      written.

    

    
      	 	 	HOLDER: 	 
	 	 	 	 
	 	 	INTEGRATED POWER SYSTEMS
              LLC 
	 	 	 	 
	 	 	/s/ Stanley Young 	 
	 	 	By: Stanley Young 	 
	 	 	Its: President 	 

    

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    SIGNATURE
      PAGE

    TO
      

    REGISTRATION
      RIGHTS AGREEMENT

    

    

    IN
      WITNESS WHEREOF, the
      undersigned has executed this Agreement on the day and year first above
      written.

    

    
      	 	 	HOLDER: 	 
	 	 	 	 
	 	 	THE VANTAGE
              PARTNERS 
	 	 	 	 
	 	 	/s/ Anthony F. Intino,
              II 	 
	 	 	By: Anthony F. Intino, II 	 
	 	 	Its: President 	 

    

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    SIGNATURE
      PAGE

    TO
      

    REGISTRATION
      RIGHTS AGREEMENT

    

    

    IN
      WITNESS WHEREOF, the
      undersigned has executed this Agreement on the day and year first above
      written.

    

    
      	 	 	HOLDER: 	 
	 	 	 	 
	 	 	/s/ Michael D’Amelio 	 
	 	 	Michael D’Amelio 	 

    

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    SIGNATURE
      PAGE

    TO
      

    REGISTRATION
      RIGHTS AGREEMENT

    

    

    IN
      WITNESS WHEREOF, the
      undersigned has executed this Agreement on the day and year first above
      written.

    

    
      	 	 	HOLDER: 	 
	 	 	 	 
	 	 	JMC VENTURE PARTNERS
              LLC 
	 	 	 	 
	 	 	/s/ G. Lawrence Bero 	 
	 	 	By: G. Lawrence Bero 	 
	 	 	Its: Treasurer 	 

    

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    SIGNATURE
      PAGE

    TO
      

    REGISTRATION
      RIGHTS AGREEMENT

    

    

    IN
      WITNESS WHEREOF, the
      undersigned has executed this Agreement on the day and year first above
      written.

    

    
      	 	 	HOLDER: 	 
	 	 	 	 
	 	 	INTERNATIONAL CAPITAL PARTNERS
              LLC 
	 	 	 	 
	 	 	/s/ Jonathan Betts 	 
	 	 	By: Jonathan Betts 	 
	 	 	Its: Managing Member 	 

    

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    SIGNATURE
      PAGE

    TO
      

    REGISTRATION
      RIGHTS AGREEMENT

    

    

    IN
      WITNESS WHEREOF, the
      undersigned has executed this Agreement on the day and year first above
      written.

    

    
      	 	 	HOLDER: 	 
	 	 	 	 
	 	 	/s/ Jonathan Betts 	 
	 	 	Jonathan Betts 	 

    

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

    SIGNATURE
      PAGE

    TO
      

    REGISTRATION
      RIGHTS AGREEMENT

    

    

    IN
      WITNESS WHEREOF, the
      undersigned has executed this Agreement on the day and year first above
      written.

    

    
      	 	 	HOLDER: 	 
	 	 	 	 
	 	 	/s/ Gary Laskowski 	 
	 	 	Gary Laskowski 	 

    

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    SIGNATURE
      PAGE

    TO
      

    REGISTRATION
      RIGHTS AGREEMENT

    

    

    IN
      WITNESS WHEREOF, the
      undersigned has executed this Agreement on the day and year first above
      written.

    

    
      	 	 	HOLDER: 	 
	 	 	 	 
	 	 	WOODLAKEN LLC 
	 	 	 	 
	 	 	/s/ Gary Laskowski 	 
	 	 	By: Gary Laskowski 	 
	 	 	Its: A Manager 	 

    

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

    SIGNATURE
      PAGE

    TO
      

    REGISTRATION
      RIGHTS AGREEMENT

    

    

    IN
      WITNESS WHEREOF, the
      undersigned has executed this Agreement on the day and year first above
      written.

    

    
      	 	 	HOLDER: 	 
	 	 	 	 
	 	 	BRIL CORPORATION PROFIT
              SHARING
              PLAN 
	 	 	 	 
	 	 	/s/ Gary Laskowski 	 
	 	 	By: Gary Laskowski 	 
	 	 	Its: A Manager 	 

    

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

    SIGNATURE
      PAGE

    TO
      

    REGISTRATION
      RIGHTS AGREEMENT

    

    

    IN
      WITNESS WHEREOF, the
      undersigned has executed this Agreement on the day and year first above
      written.

    

    
      	 	 	HOLDER: 	 
	 	 	 	 
	 	 	/s/ Shannon LeRoy 	 
	 	 	Shannon LeRoy 	 

    

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

    SIGNATURE
      PAGE

    TO
      

    REGISTRATION
      RIGHTS AGREEMENT

    

    

    IN
      WITNESS WHEREOF, the
      undersigned has executed this Agreement on the day and year first above
      written.

    

    
      	 	 	HOLDER: 	 
	 	 	 	 
	 	 	/s/ Mark Sadinsky 	 
	 	 	Mark Sadinsky 	 

    

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

    SIGNATURE
      PAGE

    TO
      

    REGISTRATION
      RIGHTS AGREEMENT

    

    

    IN
      WITNESS WHEREOF, the
      undersigned has executed this Agreement on the day and year first above
      written.

    

    
      	 	 	HOLDER: 	 
	 	 	 	 
	 	 	/s/ Raymond Joslin 	 
	 	 	Raymond Joslin 	 

    

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

    SIGNATURE
      PAGE

    TO
      

    REGISTRATION
      RIGHTS AGREEMENT

    

    

    IN
      WITNESS WHEREOF, the
      undersigned has executed this Agreement on the day and year first above
      written.

    

    
      	 	 	HOLDER: 	 
	 	 	 	 
	 	 	ESTATE OF ROBERT
              SPARACINO 
	 	 	 	 
	 	 	/s/ Marguerite R.
              Sparacino 	 
	 	 	By: Marguerite R. Sparacino 	 
	 	 	Its: Executrix 	 

    

     

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

    SIGNATURE
      PAGE

    TO
      

    REGISTRATION
      RIGHTS AGREEMENT

    

    

    IN
      WITNESS WHEREOF, the
      undersigned has executed this Agreement on the day and year first above
      written.

    

    
      	 	 	HOLDER: 	 
	 	 	 	 
	 	 	HALSTEAD LLC 
	 	 	 	 
	 	 	/s/ Ric Ogden 	 
	 	 	By: Ric Ogden 	 
	 	 	Its: Halstead Manager 	 

    

     

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

    SIGNATURE
      PAGE

    TO
      

    REGISTRATION
      RIGHTS AGREEMENT

    

    

    IN
      WITNESS WHEREOF, the
      undersigned has executed this Agreement on the day and year first above
      written.

    

    
      	 	 	HOLDER: 	 
	 	 	 	 
	 	 	/s/ Mariano Moran 	 
	 	 	Mariano Moran 	 

    

     

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

    SIGNATURE
      PAGE

    TO
      

    REGISTRATION
      RIGHTS AGREEMENT

    

    

    IN
      WITNESS WHEREOF, the
      undersigned has executed this Agreement on the day and year first above
      written.

    

    
      	 	 	HOLDER: 	 
	 	 	 	 
	 	 	/s/ Allison E.
              Bertorelli 	 
	 	 	Allison E. Bertorelli 	 

    

     

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

    SIGNATURE
      PAGE

    TO
      

    REGISTRATION
      RIGHTS AGREEMENT

    

    

    IN
      WITNESS WHEREOF, the
      undersigned has executed this Agreement on the day and year first above
      written.

    

    
      	 	 	HOLDER: 	 
	 	 	 	 
	 	 	/s/ Anthony F. Intino,
              II 	 
	 	 	Anthony F. Intino, II 	 

    

     

    
      
        
        

      

      
        29Exhibit
      10.43

     

    
      
        

      

    

    

    

    ESCROW
      AGREEMENT

    

    

    by
      and
      among

    

    

    SOLOMON
      TECHNOLOGIES, INC.

    

    INTEGRATED
      POWER SYSTEMS LLC,

    as
      Sellers’ Representative

    under
      the Securities Purchase Agreement 

    

    and

    

    PEPE
      & HAZARD LLP

    (as
      Escrow Agent)

     

     

    
      
        

      

    

    

    

    Dated
      as
      of August 17, 2006

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ESCROW
      AGREEMENT

    

    

    ESCROW
      AGREEMENT (the
      “Agreement”)
      dated
      as of August 17, 2006 by and among SOLOMON
      TECHNOLOGIES, INC.,
      a
      Delaware corporation (“Solomon”),
      INTEGRATED
      POWER SYSTEMS LLC, a
      Delaware limited liability company (the “Seller’s Representative”), in its
      capacity as Sellers’ Representative under the Securities Purchase Agreement (as
      defined below), and PEPE
      & HAZARD LLP
      (the
“Escrow
      Agent”);
      capitalized terms used herein and not otherwise defined herein shall have the
      meaning ascribed to such terms in the Securities Purchase Agreement (as defined
      below).

    

    

    WITNESSETH
      :

    

    WHEREAS,
      concurrently with the execution and delivery of this Agreement, Solomon,
      Technipower LLC (“Technipower”)
      and
      the holders of equity securities of Technipower (the “Sellers”),
      have
      executed and delivered a Securities Purchase Agreement, dated as of the date
      hereof (the “Securities
      Purchase Agreement”),
      pursuant to which the Sellers are selling, and Solomon is purchasing, 100%
      of
      the issued and outstanding membership interests and warrants to acquire
      membership interests in Technipower, upon the terms and subject to the
      conditions set forth therein; 

    

    WHEREAS,
      the
      Securities Purchase Agreement requires as a condition to closing that the
      parties enter into this Agreement and that Solomon deposit a portion of the
      purchase price paid for Purchased Interests and the Purchased Warrants with
      the
      Escrow Agent in order to provide a fund for indemnity payments that the Sellers
      may become obligated to make in accordance with Article VIII of the Securities
      Purchase Agreement; and

    

    WHEREAS,
      the
      Sellers’ Representative is empowered to act on behalf of the Sellers pursuant
      to, and in accordance with, Section 9.15 of the Securities Purchase
      Agreement.

    

    NOW,
      THEREFORE,
      in
      consideration of the mutual covenants and agreements set forth in this
      Agreement, and for other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, the parties do hereby agree as
      follows:

    

    1. Appointment
      and Acceptance.
      The
      parties hereto (except the Escrow Agent) hereby appoint the Escrow Agent as
      escrow agent for the purposes and upon the terms and conditions hereinafter
      set
      forth. The Escrow Agent hereby accepts such appointment and agrees to act as
      escrow agent hereunder and to hold and dispose of the Escrow Fund (as defined
      in
      Section 2 below) received by it hereunder in accordance with the terms and
      conditions hereinafter set forth.

    

    2. Deposit
      of Escrow Fund.
      Solomon
      shall deliver to the Escrow Agent within 5 business days following the date
      hereof for the deposit in escrow certificates representing the Escrow Amount,
      in
      the names and the amounts set forth on Exhibit
      A
      hereto,
      together with stock powers in respect of such certificates, duly executed by
      the
      Sellers’ Representative in blank (the “Escrow
      Fund”).
      The
      shares of STI Common Stock represented by such certificates is herein
      collectively referred to as the “Escrow
      Stock”.
      Solely
      for purposes of making the calculations hereunder, each share of Escrow Stock
      shall be deemed to have a value equal to, as applicable, (i) that provided
      pursuant to Section 2.2.4 of the Securities Purchase Agreement, or (ii) the
      lesser of (x) the Current Market Price of the STI Common Stock as of the Date
      of
      Notice (as defined below) and (y) the Current Market Price of the STI Common
      Stock as of the date the shares of Escrow Stock are released from the Escrow
      Fund pursuant to this Agreement (the “STI
      Stock Value”);
      provided, however, in the event that Solomon shall effect a stock dividend,
      stock split, combination or other recapitalizations affecting the STI Common
      Stock, the amount of the Escrow Stock and the STI Stock Value used hereunder
      shall be adjusted appropriately. The Escrow Fund shall be held by the Escrow
      Agent and shall be dealt with by the Escrow Agent in accordance with the terms
      and conditions of this Escrow Agreement. The Escrow Agent hereby acknowledges
      receipt of an executed copy of the Securities Purchase Agreement.

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

       

    

    3. Purpose
      of Agreement.
      The
      parties hereto (except the Escrow Agent) represent that this Agreement has
      been
      executed and agree that the escrow created hereby is for the purpose of paying
      (i) any liabilities of the Sellers owing to Solomon pursuant to its obligations
      under Article VIII of the Securities Purchase Agreement, and (ii) paying to
      Purchaser, if applicable, the Working Capital Payment pursuant to Section
      2.2.4(ii) of the Securities Purchase Agreement (each a “Claim”
and
      collectively, “Claims”).

    

    4. Claims
      Against the Escrow Fund.
      

    

    (a) Subject
      to the terms set forth in Section 2.2.4(ii) and Article VIII of the Securities
      Purchase Agreement, if at any time Purchaser or a Purchaser Indemnified Party,
      as the case may be, shall claim that it is entitled to payment of all or a
      portion of the Escrow Fund as a result of any Claim, Solomon shall give notice
      of such Claim (the “Notice
      of Claim”)
      to the
      Sellers’ Representative and the Escrow Agent. The Notice of Claim shall describe
      the event or circumstances giving rise to the Claim, specifying the amount
      of
      the Escrow Fund requested and certifying that the Notice of Claim is being
      submitted in good faith.

    

    (b) Within
      fifteen (15) business days (the “Dispute
      Period”)
      after
      receipt by the Sellers’ Representative of a copy of such Notice of Claim, the
      Sellers’ Representative may deliver to the Escrow Agent a notice (the
“Notice
      of Dispute”)
      disputing the request for payment out of the Escrow Fund as stated in the Notice
      of Claim. For purposes of this Agreement, a “business day” shall be any day
      excluding Saturday, Sunday and any day which shall be in New York, New York
      a
      legal holiday or a day on which banking institutions are authorized by law
      or
      other governmental actions to close. The Notice of Dispute shall specify the
      amount being disputed (the “Disputed
      Amount”),
      describing the reasons for such dispute and certifying that the Notice of
      Dispute is being submitted in good faith. If the Escrow Agent has not received
      a
      Notice of Dispute prior to the expiration of Dispute Period referred to above,
      then the Escrow Agent shall promptly deliver to the Purchaser Indemnified Party
      such number of shares of Escrow Stock as shall have a value (based on the
      applicable STI Stock Value) equal to the full amount of the Escrow Fund
      requested in the Notice of Claim. If the Escrow Agent has received a Notice
      of
      Dispute during the Dispute Period which disputes in part the request for payment
      of the Escrow Fund stated in the Notice of Claim, then following receipt of
      such
      Notice of Dispute, the Escrow Agent shall promptly deliver to Solomon such
      number of shares of Escrow Stock as shall have a value (based on the applicable
      STI Stock Value) equal to the amount of the Escrow Fund requested in the Notice
      of Claim which is in excess of the Disputed Amount.

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

       

    

    (c) If
      the
      Escrow Agent receives a Notice of Dispute from the Sellers’ Representative, the
      Escrow Agent shall promptly deliver a copy of the Notice of Dispute to Solomon,
      and shall not deliver the portion of the requested amount of the Escrow Fund
      set
      forth in the Notice of Claim constituting the Disputed Amount until the Escrow
      Agent shall have received one
      of
      the following:

    

    (i)
       A
      certified copy of an order, decree or judgment issued or rendered by a court
      of
      competent jurisdiction in New York, which order, decree or judgment has been
      finally affirmed on appeal, which by lapse of time or otherwise is no longer
      subject to appeal (a "Final
      Decision")
      or the
      passage of one year from the date of said order, decree or judgment, whichever
      shall first occur, with respect to the Notice of Claim which is the subject
      of
      the Notice of Dispute; or

    

    (ii)
       A
      joint
      written direction executed by Solomon and the Sellers’ Representative (a sample
      form for which is attached hereto as Exhibit
      A),
      directing the distribution of such portion of the Escrow Fund.

    

    Upon
      receipt of either (i) or (ii) above, the Escrow Agent shall promptly deliver
      such number of shares of Escrow Stock as shall have a value (based on the
      applicable STI Stock Value) equal to the portion of the Escrow Fund in respect
      of the Disputed Amount in accordance with the terms of such Final Decision
      or
      joint direction or affidavit, as the case may be.

    

    The
      parties hereto agree that the Escrow Agent may rely upon written notice or
      instruction furnished to it hereunder and shall be under no duty to inquire
      into
      or investigate the validity, accuracy or content of any such
      document.

    

    (d) All
      distributions made under this Agreement to Solomon shall be deemed taken from
      the portion of the Escrow Fund attributable to the appropriate Seller(s) in
      accordance with the terms of the Securities Purchase Agreement. 

    

    5. Payment
      and Release of the Escrow Fund.
      

    

    (a) On
      February [17], 2008 (the “Release
      Date”),
      the
      Escrow Agent shall ascertain the number of shares of Escrow Stock (the
“Escrow
      Balance”)
      which
      shall have a value (based on the applicable STI Stock Value) equal the amount
      of
      the Escrow Fund then held hereunder less the amount of Escrow Fund, if any,
      then
      (i) covered by a pending Notice of Claim which is subject to a Notice of Dispute
      as provided in Section 4 hereof,
      (ii) covered by a pending Notice of Claim which was delivered to the Seller’s
      Representative, but for which the Dispute Period has not yet lapsed or (iii)
      covered by a Notice of Claim determined to be valid and no longer subject to
      a
      Notice of Dispute, but not yet paid. On the Release Date, the Escrow Agent
      shall
      deliver to the Sellers’ Representative (or his designee) the Escrow Balance. If,
      on the Release Date, a pending Notice of Claim is subject to a Notice of Dispute
      as described in clause (i) above or if, after the Release Date, a pending Notice
      of Claim described in clause (ii) above is disputed by a Notice of Dispute
      in
      accordance with Section 4 hereof, then this Escrow Agreement shall continue
      in
      full force and effect with respect to the aggregate amount in dispute until
      the
      Escrow Agent shall have been instructed as to the disposition thereof in
      accordance with the terms of Section 4 hereof. To the extent that a Notice
      of
      Claim described in clause (ii) above is not disputed by a Notice of Dispute
      in
      accordance with the provisions of Section 4 hereof, such number of shares of
      Escrow Stock as shall have a value (based on the applicable STI Stock Value)
      equal to the undisputed amount shall be delivered to Solomon promptly after
      the
      expiration of the Dispute Period referred to in Section 4 hereof.
      Once all requests for payment of Claims have been resolved and the entire Escrow
      Fund has been released in accordance with the foregoing provisions, this
      Agreement and all of the obligations of the Escrow Agent hereunder shall
      terminate (such date being referred to herein as the “Termination
      Date”).
      

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

       

    

    (b) Notwithstanding
      the foregoing this Agreement may be terminated at any time by and upon the
      receipt by the Escrow Agent of written notice of termination executed by both
      Solomon and the Sellers’ Representative directing the distribution of all
      property then held by the Escrow Agent under and pursuant to this Agreement,
      and
      this Agreement shall automatically terminate if and when the entire Escrow
      Fund
      shall have been distributed by the Escrow Agent in accordance with the terms
      of
      this Agreement.

    

    6. Dividends
      and Other Distributions; Voting Rights.
      

    

    (a) Dividends
      and Other Distributions.
      All
      cash dividends in respect of Escrow Stock still then held in escrow, and all
      other distributions (other than shares or other securities convertible into
      shares of STI Common Stock) in respect of Escrow Stock still then held in escrow
      (net of any taxes required to be withheld from such cash dividends or other
      distributions by Solomon), shall be paid by Solomon directly to the Sellers
      in
      accordance with their then proportionate share of the Escrow Fund and shall
      be
      the sole property of such Sellers, and the Escrow Agent shall have no duty,
      liability or obligation whatsoever with respect thereto. All dividends or other
      distributions paid in shares of STI Common Stock or other securities convertible
      into shares of STI Common Stock (only with respect to the STI Common Stock
      held
      in the Escrow Fund) shall be delivered to the Escrow Agent and held by the
      Escrow Agent as part of the Escrow Fund. 

    

    (b) Voting.
      Each
      Seller shall be entitled to exercise all voting rights with respect to the
      shares of STI Common Stock registered in his, her or its name and constituting
      the Escrow Fund so long as such STI Common Stock continues to be held in escrow,
      and the Escrow Agent shall deliver to the Sellers’ Representative any proxies
      with respect thereto which the Escrow Agent receives. 

    

    7. Escrow
      Agent’s Liability.
      The
      Escrow Agent undertakes to perform such duties and only such duties as are
      specifically set forth in this Agreement, and no implied covenants or
      obligations shall be read into this Agreement against the Escrow Agent. In
      the
      absence of bad faith, gross negligence or willful misconduct on its part, the
      Escrow Agent may conclusively rely, as to the truth of the statements and the
      correctness of the opinions expressed therein, upon certificates or opinions
      furnished to the Escrow Agent. The Escrow Agent may act upon any instrument,
      certificate, opinion or other writing believed by it in good faith and without
      gross negligence to be genuine, and shall not be liable in connection with
      the
      performance by it of its duties pursuant to the provisions of this Agreement,
      except for its own bad faith, gross negligence or willful misconduct. The Escrow
      Agent may consult with counsel of its own choice and shall have full and
      complete authorization and protection for any action taken, suffered or omitted
      by it hereunder in good faith and in accordance with the opinion of such
      counsel. The Escrow Agent may execute powers hereunder or perform any duties
      hereunder either directly or by or through agents or attorneys.

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

       

    

    8. Indemnification
      of Escrow Agent.
      Solomon, on the one hand, and the Sellers’ Representative on behalf of the
      Sellers, on the other hand, hereby agree severally and not jointly (one-half
      to
      be borne by Solomon and one-half to be borne by the Sellers’ Representative on
      behalf of the Sellers) to indemnify the Escrow Agent for, and to hold it
      harmless against, any loss, liability or expense incurred without gross
      negligence, willful misconduct or bad faith on the part of the Escrow Agent,
      arising out of or in connection with its entering into this Agreement, carrying
      out its duties hereunder and accepting the Escrow Fund, including the costs
      and
      expenses of defending itself against any claim of liability in connection with
      the exercise or performance of any of its powers or duties hereunder (including
      reasonable fees, expenses and disbursements of its counsel). Anything in this
      Agreement to the contrary notwithstanding, in no event shall the Escrow Agent
      be
      liable for special, indirect or consequential loss or damage of any kind
      whatsoever (including but not limited to lost profits). The foregoing
      indemnities shall survive the resignation of Escrow Agent or the termination
      of
      this Agreement.

    

    9. Escrow
      Agent to Follow Instructions of Solomon and the Sellers’
Representative.
      Notwithstanding any provision contained herein to the contrary, the Escrow
      Agent
      shall at any time and from time to time take such action hereunder with respect
      to the Escrow Fund as shall be directed in writing jointly by Solomon and the
      Sellers’ Representative.

    

    10. Resignation
      of Escrow Agent.
      

    

    (a) The
      Escrow Agent, or any successor, may resign at any time upon giving written
      notice, thirty (30) days before such resignation shall take effect, to Solomon
      and the Sellers’ Representative. In the event the Escrow Agent shall resign or
      be unable to serve, it shall be succeeded by such person or entity as Solomon
      and the Sellers’ Representative shall appoint, or if no appointment is made, by
      a person or entity appointed by a court of competent jurisdiction. In the
      absence of a successor so appointed by Solomon and the Sellers’ Representative
      within such thirty (30) days, the Escrow Agent may petition such a court to
      appoint a successor escrow agent. The resigning escrow agent shall transfer
      to
      its successor all monies, securities and investments then held subject to this
      Escrow Agreement and all pending notices, instructions and directions then
      in
      its possession, and shall thereupon be discharged, and the successor shall
      thereupon succeed to all the rights, powers and duties and shall assume all
      of
      the obligations of the resigning escrow agent. 

    

    (b) Notwithstanding
      the foregoing, Solomon and the Seller’s representative agree that Pepe &
Hazard LLP shall serve as escrow agent hereunder for not longer than 30 days
      from the date of this Agreement. Pepe & Hazard shall not be required to
      comply with the provisions of Section 10(a) hereof. If a successor Escrow Agent
      shall not be appointed by Solomon and the Sellers’ Representative within 30 days
      from the date of this Agreement, Pepe & Hazard LLP’s resignation as Escrow
      Agent shall nevertheless take effect immediately, and Pepe & Hazard LLP
shall
      be
      discharged of and from any and all further obligations arising in connection
      with the Agreement; provided that,
      if,
      at
      that time, Pepe & Hazard LLP has not received a designation of a successor
      Escrow Agent, Pepe & Hazard LLP’s sole responsibility after that time shall
      be to retain and safeguard the Escrow Fund until receipt of a designation of
      successor Escrow Agent or a joint written disposition instruction by the other
      parties hereto, or a final, nonappealable
      order of a court of competent jurisdiction.
      Solomon
      and the Sellers’ Representative agree to use best efforts to replace Pepe &
Hazard LLP as the Escrow Agent within 30 days.

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

       

    

    11. Escrow
      Agent’s Fee and Expenses, Etc.
      

    

    (a) In
      case
      the Escrow Fund shall be attached, garnished, or levied upon any court order,
      or
      the delivery thereof shall be stayed or enjoined by an order of a court, or
      any
      order, judgment or decree shall be made or entered by any court order affecting
      the property deposited under this Agreement, or any part thereof, the Escrow
      Agent is hereby expressly authorized in its sole direction, to obey and comply
      with all writs, orders or decrees so entered or issued, which it is advised
      by
      legal counsel of its own choosing is binding upon it, whether with or without
      jurisdiction, and in case the Escrow Agent obeys or complies with any such
      writ,
      order or decree, it shall not be liable to any of the parties hereto or to any
      other person, firm or corporation, by reason of such compliance notwithstanding
      such writ, order or decree be subsequently reversed, modified, annulled, set
      aside or vacated.

    

    (b) In
      case
      said Escrow Agent becomes involved in litigation on account of the deposit
      of
      the Escrow Fund or relating to this Agreement, it shall have the right to retain
      counsel and shall have a lien on the property deposited hereunder for any and
      all costs, attorneys’ and solicitors’ fees, charges, disbursements, and expenses
      in connection with such litigation; and shall be entitled to reimburse itself
      therefor out of the property deposited hereunder, and if it shall be unable
      to
      reimburse itself from the property deposited hereunder, the parties hereto
      severally and not jointly agree to pay to said Escrow Agent on demand, its
      reasonable charges, counsel and attorneys’ fees, disbursements, and expenses in
      connection with such litigation.

    

    (c) In
      case
      conflicting demands are made upon it for any situation not addressed in this
      Agreement, the Escrow Agent may withhold performance of this escrow until such
      time as said conflicting demands shall have been withdrawn or the rights of
      the
      respective parties shall have been settled by court adjudication, arbitration,
      joint order or otherwise.

    

    (d) The
      parties acknowledge that the Escrow Agent will have no obligations or
      responsibilities with respect to tax reporting of the parties.

    

    (e) Solomon
      and Seller’s Representative, on behalf of the Sellers agree to split 50/50 the
      responsibility for compensating the Escrow Agent for its services in
      administering this Agreement and the Escrow Fund, and that the Escrow Agent’s
      fee for such services shall be based on its usual and customary hourly rates
      for
      the performance of services. 

    

    12. Expenses.
      The
      parties hereto (except the Escrow Agent) shall pay all of their own expenses
      relating to the transactions contemplated by this Agreement, including, without
      limitation, the fees and expenses of their respective counsel and financial
      advisors.

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

       

    

    13. Governing
      Law.
      The
      interpretation and construction of this Agreement, and all matters relating
      hereto, shall be governed by the laws of the State of New York without reference
      to its conflict of laws provisions.

    

    14. Captions.
      The
      Article and Section captions used herein are for refer-ence purposes only,
      and
      shall not in any way affect the meaning or interpretation of this
      Agreement.

    

    15. Publicity.
      No
      party to this Agreement shall issue any press release or other public document
      or make any public statement relating to this Agreement or the matters contained
      herein without obtaining the prior approval of Solomon and the Sellers’
Representative.

    

    16. Notices.
      Unless
      otherwise provided herein, any notice, request, instruction or other document
      to
      be given hereunder by any party to any other party shall be in writing and
      shall
      be deemed given upon receipt if delivered via (a) personal delivery, if
      delivered by hand, (b) deposit in the mails, postage prepaid, if mailed by
      certified or registered mail, or (c) a prepaid overnight courier service, and
      in
      each case at the respective addresses or numbers set forth below or such other
      address or number as such party may have fixed by notice:

    

    If
      to
      Solomon, addressed to:

    

    Solomon
      Technologies, Inc.

    1400
      L&R Industrial Boulevard

    Tarpon
      Springs, FL 34689

    Attn:
      Chief Financial Officer

    Fax:
      (727) 934-8779

    

    with
      a
      copy to:

    

    Davis
      & Gilbert LLP

    1740
      Broadway

    New
      York,
      New York 10019

    Attention:
      Walter M. Epstien, Esq.

    Fax: (212)
      468-4888

    

    If
      to the
      Sellers’ Representative, addressed to:

    

    Integrated
      Power Systems LLC

    c/o
      Pepe
& Hazard LLP

    225
      Franklin Street, 16th
      Floor

    Boston,
      MA 02100-2804

    Attention:
      Stephen B. Hazard, Esq.

    Fax: (617)
      748-5555

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    

    If
      to the
      Escrow Agent, addressed to:

    

    Pepe
      & Hazard LLP

    225
      Franklin Street, 16th
      Floor

    Boston,
      MA 02100-2804

    Attention:
      Neal F. Splaine, Esq.

    Fax: (617)
      748-5555

    

    17. Parties
      in Interest
      This
      Agreement may not be transferred, assigned, pledged or hypothecated by any
      party
      hereto, other than by operation of law. This Agreement shall be binding upon
      and
      shall inure to the benefit of the parties hereto and their respective heirs,
      executors, administrators, successors and assigns.

    

    18. Severability
      In the
      event any provision of this Agreement is found to be void and unenforceable
      by a
      court of competent jurisdiction, the remaining provisions of this Agreement
      shall never-theless be binding upon the parties with the same effect as though
      the void or unenforceable part had been severed and deleted.

    

    19. Counterparts
      This
      Agreement may be executed in two or more counterparts, all of which taken
      together shall constitute one instrument.

    

    20. Entire
      Agreement
      This
      Agreement, including the other documents referred to herein and the Exhibits
      and
      Schedules hereto which form a part hereof, contains the entire understanding
      of
      the parties hereto with respect to the subject matter contained herein and
      therein. This Agreement supersedes all prior agreements and understandings
      between the parties with respect to such subject matter.

    

    21. Amendments.
      This
      Agreement may not be amended, supplemented or modified orally, but only by
      an
      agreement in writing signed by Solomon, the Sellers’ Representative and the
      Escrow Agent.

    

    22. Third
      Party Beneficiaries Each
      party hereto intends that this Agreement shall not benefit or create any right
      or cause of action in or on behalf of any person other than the parties hereto
      and their respective successors and assigns as permitted under Section
      17.

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

       

    

    23. Governing
      Law; Consent to Jurisdiction.
      (a)
      All
      questions concerning the construction, interpretation and validity of this
      Agreement, and all matters relating hereto, shall be governed by and construed
      and enforced in accordance with the laws of the State of New York, without
      giving effect to any choice or conflict of law provision or rule (whether in
      the
      State of New York or any other jurisdiction) that would cause the application
      of
      the laws of any jurisdiction other than the State of New York.

    

    (b) Each
      of
      the parties hereto irrevocably submits to the exclusive jurisdiction of the
      United States District Court for the Southern District of New York located
      in
      the borough of Manhattan in the City of New York, or if such court does not
      have
      jurisdiction, the Supreme Court of the State of New York, New York County,
      for
      the purposes of any suit, action or other proceeding arising out of this
      Agreement or any transaction contemplated hereby. Each of the parties hereto
      further agrees that service of any process, summons, notice or document by
      U.S.
      registered mail to such party’s respective address set forth in Section 16 shall
      be effective service of process for any action, suit or proceeding with respect
      to any matters to which it has submitted to jurisdiction as set forth above
      in
      the promptly preceding sentence. Each of the parties hereto irrevocably and
      unconditionally waives any objection to the laying of venue of any action,
      suit
      or proceeding arising out of this Agreement or the transactions contemplated
      hereby in (i) the United States District Court for the Southern District of
      New
      York or (ii) the Supreme Court of the State of New York, New York County, and
      hereby further irrevocably and unconditionally waives and agrees not to plead
      or
      claim in any such court that any such action, suit or proceeding brought in
      any
      such court has been brought in an inconvenient forum.

    

    24. Use
      of Terms 
      Whenever
      the context so requires or permits, all references to the masculine herein
      shall
      include the feminine and neuter, all references to the neuter herein shall
      include the masculine and feminine, all references to the plural shall include
      the singular and all references to the singular shall include the
      plural.

    

    25. Ability
      to Serve as Counsel.
      Nothing
      in this Escrow Agreement shall be deemed to prevent or disqualify the Escrow
      Agent, while it continues to serve as Escrow Agent or thereafter, from serving
      as counsel to any other party to this Escrow Agreement, Technipower, the Sellers
      or any of their affiliates.

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

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

     

    
      	 	 	 
	 	SOLOMON
              TECHNOLOGIES, INC.
	 
 	 
 	 
 
	 	By:  	/s/
              Peter W. DeVecchis, Jr.
	 	Name: Peter W. DeVecchis, Jr.
	 	Title:
              President

    

     

    
      	 	 	 
	 	INTEGRATED
              POWER SYSTEMS LLC,
	 	as Sellers’ Representative under the
              Securities 
	 	Purchase
              Agreement 
	 
 	 
 	 
 
	 	By:  	/s/
              Stanley Young
	 	Name: Stanley Young
	 	Title:
              President

    

     

    
      	 	 	 
	 	PEPE & HAZARD
              LLP
	 
 	 
 	 
 
	 	By:  	/s/
              Neal Splaine
	 	Name: Neal Splaine
	 	Title:
              Partner

 

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    Exhibit
      A

    

    

    PAYMENT
      INSTRUCTION CERTIFICATE

    

    The
      undersigned, pursuant to the Escrow Agreement, dated as of August 17, 2006,
      by
      and among SOLOMON
      TECHNOLOGIES, INC.,
      a
      Delaware corporation (“Solomon”),
      INTEGRATED
      POWER SYSTEMS LLC, a
      Delaware limited liability company (the “Seller’s Representative”), in its
      capacity as Sellers’ Representative under the Securities Purchase Agreement (as
      defined below), and PEPE
      & HAZARD LLP
      (the
“Escrow
      Agent”),
      hereby
      instruct you to deliver to Solomon from the Escrow Fund __________ of shares
      of
      STI Common Stock allocated from the Sellers as follows:
      ____________________________________________.

    

    

    Dated:
      ___________ __, ____

    
      	 	 	 
	 	SOLOMON
              TECHNOLOGIES, INC.
	 
 	 
 	 
 
	 	By:  	 
	 	Name:
	 	Title:

    

     

    
      	 	 	 
	 	INTEGRATED
              POWER SYSTEMS LLC,
	 	as Sellers’ Representative under the
              Securities 
	 	Purchase
              Agreement 
	 
 	 
 	 
 
	 	By:  	 
	 	Name:
	 	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}]]