Document:

Exhibit
      10.44

     

    February
      15, 2005

    

    Mr.
      Melvyn J. Powers

    Commerce
      Park Realty LLC

    Commerce
      Park 

    7
      Finance
      Drive 

    Danbury,
      CT 06810

    

    
      	 	
              RE:

            	
              Lease
                Agreement by and between Commerce Park Realty LLC and Power Designs,
                Inc.,
                as assigned to Technipower LLC

            

    

    

    Dear
      Mr.
      Powers:

    

    Pursuant
      to section 3.2 of the above-captioned document, notice is hereby given that
      Tenant is exercising its option to renew its Lease on the premises located
      at 14
      Commerce Drive, Danbury, Connecticut for an additional 5 year term, commencing
      on July 15, 2007 and terminating on July 14, 2012. Section 1.6 of the
      above-captioned document is hereby amended to read as follows:

    

    Renewal
      Rate. Base Rent during the Renewal Term shall be as
      follows:

    7/15/2007
      - 7/14/2012; Annual Rent $97,500.00; Monthly Rent
      $8,125.00

    

    As
      inducement for the Tenant to exercise its option fourteen months prior to the
      exercise date specified in Section 3.2 of the above-captioned document, Landlord
      shall at its own cost and expense, perform the following improvements to the
      demised premises by the completion dates noted below:

    

    
      	
            	1.	
              Refurbish
                restrooms (new tile, paint, partitions, cabinets, mirrors and
                fixtures)

            

    

    
      	
            	2.	
              Refurbish
                kitchen (new flooring, sink, pump and
                cabinet)

            

    

    
      	
            	3.	
              Add
                suspended ceiling in manufacturing area inclusive of ventilation
                and
                lighting per exhibit A and additional lighting for top floor of mezzanine
                due to addition of suspended
                ceiling.

            

    

    
      	
            	4.	
              Replace
                and or seal windows

            

    

    
      	
            	5.	
              Paint
                manufacturing area

            

    

    
      	
            	6.	
              Add
                front and side door awning

            

    

    
      	
            	7.	
              Replace
                front door

            

    

    
      	
            	8.	
              Trim
                and add additional shrubbery to front of
                building

            

    

    
      	
            	9.	
              Remove
                large pine tree at left corner of
                building

            

    

    

    Items
      1
      through 8 are to be completed no later than March 31, 2005 and item 9 is to
      be
      completed no later than August 31, 2005.

    

    Please
      acknowledge your agreement and acceptance of the terms of this letter by signing
      where indicated below and returning an original for my files.

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

       

    

    Very
      Truly Yours,

    

    /s/
      Anthony F. Intino II

    Anthony
      F. Intino II

    President

    Technipower
      LLC

    

    

    Acknowledged
      and Agreed

    

    /s/
      Melvyn J. Powers

    Melvyn
      J.
      Powers

    Commerce
      Park Realty LLC

    Date:

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    AMENDMENT
      TO AGREEMENT OF LEASE

    

    AGREEMENT
      made as
      of the 23rd day of February, 2005, by and between COMMERCE
      PARK REALTY, LLC,
      a
      Connecticut limited liability company having an address at 7 Finance Drive,
      Danbury, Connecticut 06810 (“Lessor”)
      and
POWER
      DESIGNS, INC.,
      a
      Delaware corporation, having an address at 14 Commerce Drive, Danbury,
      Connecticut 06810 (“Lessee”).

    

    RECITALS

    

    A. Lessee
      has leased certain premises located at 14 Commerce Drive, Danbury, Connecticut
      (the “Leased
      Premises”),
      pursuant to a lease dated February 26, 2002 between Melvyn J. Powers and Mary
      P.
      Powers, as original lessor, and Lessee, as lessee (the “Lease”).

    

    B. Lessee
      has requested that Lessor agree to extend the Initial Term of the Lease to
      July
      14, 2012, and extend the Renewal Term to July 14, 2017.

    

    C. To
      memorialize said extensions, Lessor requires that the Lessee enter into this
      Agreement.

    

    D. In
      consideration of the foregoing, and for One Dollar ($1.00) and other valuable
      consideration received by each to their satisfaction, Lessor and Lessee hereby
      agree as follows: 

    

    AGREEMENT

    

    1. Lessor
      and Lessee hereby agree that the Initial Term of the Lease shall end on July
      14,
      2012. All references in the Lease and herein to the “Initial Term” shall be
      deemed to mean the period ending on July 14, 2012.

    

    2. Lessee
      agrees that the current annual rent of Ninety-Seven Thousand Five Hundred and
      00/100 Dollars ($97,500.00), which is payable in advance in equal monthly
      installments of Eight Thousand One Hundred Twenty-Five and 00/100 Dollars
      ($8,125.00), shall continue to be payable on the first day of each calendar
      month for the remainder of the Initial Term, as the Initial Term has been
      extended hereby.

    

    3. Notwithstanding
      anything contained in the Lease to the contrary, the Renewal Term shall commence
      on July 15, 2012 and terminate on July 14, 2017. The Base Rent payable during
      the Renewal Term shall be as follows:

     

    
      	
              From/To

            	 	
              Annual

            	 	
              Monthly

            	 
	
              7/15/2012
                - 7/14/2013

            	 	
              $

            	
              117,000.00

            	 	
              $

            	
              9,750.00

            	 
	
              7/15/2013
                - 7/14/2014

            	 	
              $

            	
              118,500.00

            	 	
              $

            	
              9,875.00

            	 
	
              7/15/2014
                - 7/14/2015

            	 	
              $

            	
              120,000.00

            	 	
              $

            	
              10,000.00

            	 
	
              7/15/2015
                - 7/14/2016

            	 	
              $

            	
              120,744.00

            	 	
              $

            	
              10,062.00

            	 
	
              7/15/2016
                - 7/14/2017

            	 	
              $

            	
              120,744.00

            	 	
              $

            	
              10,062.00

            	 

    

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    4. Except
      as
      specifically modified hereby, all of the terms and conditions of the Lease
      remain in full force and effect.

    

    5. This
      Agreement shall be binding upon, and inure to the benefit of, Lessor and Lessee
      and their respective heirs, successors and assigns.

    

    6. This
      Agreement shall be construed in accordance with the laws of the State of
      Connecticut.

    

    7. This
      Agreement may not be changed or modified, in whole or in part, except by written
      instrument executed by the party against whom enforcement of such change or
      modification is sought.

    

    8. All
      capitalized terms used, but not defined herein, shall have the definitions
      attributed thereto in the Lease.

    

    [The
      Remainder of this Page Intentionally Left Blank]

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF,
      Lessor
      and Lessee have executed this Agreement as of the day and date first above
      written.

     

    
      	 	
              LESSOR:

               

              COMMERCE
                PARK REALTY, LLC

               

              By: 
                Commerce
                Park Management Company

              Its
                Manager

              Title
                :

               

              By: 
                /s/
                Melvyn J. Powers

              Melvyn
                J. Powers

              Its
                President

               

               

            
	 	
              LESSEE:

               

              POWER
                DESIGNS, INC.

               

              By  
                /s/
                Anthony F. Intino II

              Name:
                Anthony
                F. Intino II

              Its:
                President

            

    

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    LEASE
      AGREEMENT

    

    THIS
      LEASE AGREEMENT
      (the
“Lease”)
      is
      made and entered into as of the ___ day of February, 2002 by and between
COMMERCE
      PARK REALTY, LLC,
      a
      Connecticut limited liability company (“Landlord”)
      and
POWER
      DESIGNS, INC.,
      a
      Delaware corporation (“Tenant”);

    

    
      	
              1.

            	
              LEASE
                SUMMARY

            

    

    

    1.1 Premises.
      As
      further described in Exhibit
      A,
      the
      premises leased by Tenant (the “Premises”)
      consist of approximately 15,000 square feet in a building (hereinafter referred
      to as the “Building”)
      on a
      parcel of land (the “Land”)
      known
      as 14 Commerce Drive, Danbury, Connecticut 06810.

    

    1.2 Initial
      Term.

    

    a. Commencement
      Date: July
      15,
      2002

    

    b. Termination
      Date: July
      14,
      2007

    

    1.3 Renewal
      Term.

    

    a. Commencement
      Date: July
      15,
      2007

    

    b. Termination
      Date: July
      14,
      2012

    

    1.4 Base
      Rent.
      $97,500.00 per year from the Commencement Date through July 14,
      2007.

    

    1.5 Monthly
      Payments.
      $8,125.00 from the Commencement Date through July 14, 2007. 

    

    1.6 Renewal
      Rate.
      Base
      Rent during the Renewal Term shall be as follows:

     

    
      	
              From/To

            	 	
              Annual

            	 	
              Monthly

            	 
	
              7/15/2007
                - 7/14/2008

            	 	
              $

            	
              105,000.00

            	 	
              $

            	
              8,750.00

            	 
	
              7/15/2008
                - 7/14/2009

            	 	
              $

            	
              106,500.00

            	 	
              $

            	
              8,875.00

            	 
	
              7/15/2009
                - 7/14/2010

            	 	
              $

            	
              108,000.00

            	 	
              $

            	
              9,000.00

            	 
	
              7/15/2010
                - 7/14/2011

            	 	
              $

            	
              108,750.00

            	 	
              $

            	
              9,062.00

            	 
	
              7/15/2011
                - 7/14/2012

            	 	
              $

            	
              108,750.00

            	 	
              $

            	
              9,062.00

            	 

    

    

    1.7 Security
      Deposit.
      Tenant’s security deposit is $24,375.00.

    

    1.8 Tenant’s
      Pro Rata Share.
      Tenant’s Pro-Rata Share is 50%.

    

    
      	
              2.

            	
              PREMISES

            

    

    

    In
      consideration of the rents and covenants hereof, Landlord hereby leases to
      Tenant upon and subject to the terms and conditions of this Lease, and Tenant
      hereby takes from Landlord, the Premises as set forth in Exhibit
      A
      attached
      hereto in accordance with and during the term of this Lease, said Premises
      to be
      in their current “AS IS”, “WHERE IS” condition. Landlord makes no
      representations or warranties of any kind or nature with respect to the
      Premises, its condition, its compliance with applicable law or its suitability
      for Tenant’s proposed use. Tenant represents and warrants that it has examined
      and familiarized itself with the Premises and its condition and Tenant has
      found
      same satisfactory. Notwithstanding the foregoing, Landlord agrees that it will
      complete the work described on the Work Letter attached hereto as Exhibit
      B
      at its
      own cost and expense prior to the Commencement Date (defined
      below).

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
      	
              3.

            	
              TERM

            

    

    

    3.1 Initial
      Term.
      The
      initial term (the “Initial
      Term”)
      of
      this Lease commences on July 15, 2002 (the “Commencement
      Date”)
      and
      will end on July 14, 2007 (unless extended in accordance with Section
      3.2)
      or such
      earlier date pursuant to any of the provisions of this Lease or pursuant to
      law
      (the “Termination
      Date”).

    

    3.2 Renewals.
      Provided that Tenant is not in default of any of the terms of this Lease,
      Landlord covenants and agrees with Tenant that Landlord shall, at Tenant’s
      option, lease the Premises to Tenant at the expiration of the Initial Term
      for
      one (1) additional term of five (5) years (the “Renewal
      Term”),
      under
      the same terms and provisions, except the Base Rent shall be increased pursuant
      to the provisions of Section
      1.6
      of this
      Lease. Tenant shall exercise its renewal option by giving notice in writing
      to
      Landlord at least nine (9) months prior to the end of the Initial Term, time
      being of the essence. If Tenant fails to give such notice, then this Lease
      shall
      automatically terminate at the end of the Initial Term.

    

    
      	
              4.

            	
              RENT

            

    

    

    4.1 Base
      Rent.
      During
      the Initial Term, Tenant agrees to pay Landlord at the address provided in
      Section
      29
      or at
      such other place or to such other person as Landlord may designate, as annual
      base rent for the Premises the sums specified in Section
      1.4
      above
      (the “Base
      Rent”)
      payable in advance on the first day of each month in equal installments as
      specified in Section
      1.5
      above.
      Upon early possession by Tenant or at the commencement, termination or
      expiration of the Initial and/or the Renewal Term, the rental payment for any
      fractional month will be prorated. During the Renewal Term, Base Rent in the
      amount specified in Section
      1.6
      above
      shall be payable in advance on the first day of each month in equal installments
      as specified in Section
      1.6
      above.
      Upon execution of this Lease, Tenant shall pay Landlord one-half of the Security
      Deposit. The first month’s rent and the remainder of the Security Deposit shall
      be paid to Landlord on or before July 15, 2002.

    

    4.2 Additional
      Rent.
      All
      amounts other than Base Rent which Tenant is required to pay pursuant to this
      Lease, including any payments to third parties, together with interest, costs,
      fines and penalties which may be added for nonpayment or late payment by Tenant,
      shall constitute additional rent (“Additional
      Rent”).
      Base
      Rent and Additional Rent shall sometimes be collectively referred to as
“Rent”.

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    4.3 Net
      Lease.
      This
      Lease is a “net lease”, it being understood that Landlord shall receive Rent and
      all other sums payable under this Lease to or on behalf of Landlord free and
      clear of any and all impositions, taxes, real estate taxes, charges or expenses
      of any nature whatsoever in connection with the ownership and operation of
      the
      Premises. Rent shall be paid without notice or demand, and without set-off,
      counterclaims, abatement, suspension, deduction or defense, except as
      specifically provided otherwise in this Lease.

    

    
      	
              5.

            	
              OPERATING
                EXPENSES

            

    

    

    5.1 Operating
      Expenses.
      Tenant
      shall reimburse Landlord, as Additional Rent, in the manner and at the times
      provided below, Tenant’s Pro-Rata Share of all Operating Expenses. “Operating
      Expenses”
shall
      mean the sum of: (i) all expenses actually incurred or charged by Landlord
      in
      connection with the cost of snow removal and lawn maintenance and (ii) insurance
      maintained by Landlord pursuant to Section
      16.2
      below.

    

    5.2 Payment.

    

    A. Tenant
      shall pay to Landlord, as Additional Rent, Tenant’s Pro-Rata Share of Operating
      Expenses within fifteen (15) days after receipt of a written statement
      (“Landlord’s
      Operating Statement”),
      setting forth the amount due to Landlord under the provisions of Section
      5.

    

    B. Landlord’s
      Operating Statement shall be conclusive and binding upon Tenant unless within
      thirty (30) days after receipt of Landlord’s Operating Statement, Tenant shall
      notify Landlord that it disputes the correctness of the statement, specifying
      the respect in which the statement is claimed to be incorrect. If the dispute
      shall be determined in Tenant’s favor, the amount of Tenant’s overpayment of
      Additional Rent resulting from compliance with Landlord’s Operating Statement
      shall be credited by Landlord against the next succeeding payment of Additional
      Rent payable by Tenant pursuant to Section
      5.
      Landlord and Tenant shall each be responsible for their own costs and expenses
      incurred in such dispute.

    

    C. Landlord
      agrees to maintain books and records reflecting Operating Expenses, which books
      and records may be examined by Tenant, its authorized agents or accountants,
      after notice and during regular business hours, for the purpose of verifying
      the
      information contained in Landlord’s Operating Statement.

    

    
      	
              6.

            	
              TAXES

            

    

    

    6.1 Payment
      of Taxes.
      Upon
      presentation of appropriate invoices therefor by Landlord, Tenant shall pay
      directly to the taxing authority, not later than ten (10) business days after
      receipt of such invoices, Tenant’s Pro-Rata Share of any and all taxes or
      assessments of any kind (other than income taxes upon the Landlord’s general
      revenues) now or hereafter imposed with respect to the Premises by any
      governmental authority, or any other charges for which Landlord is responsible
      by reason of the possession, operation, or use of the Premises by Tenant
      (hereinafter collectively referred to as “Taxes”).

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    6.2 Deposits.
      If
      Tenant defaults in the payment of any such Taxes, Tenant, at the request of
      Landlord, shall deposit with Landlord, on the first day of each and every month
      of the Initial or any Renewal Term, a sum equal to one-twelfth (1/12th) of
      Landlord’s estimate of the amount of Taxes payable hereunder based upon the
      previous calendar year’s actual Taxes, which monthly deposit shall be held as a
      fund, without interest to Tenant, to be applied to the payment of Taxes as
      they
      become due and payable. Tenant shall pay to Landlord within five days of demand
      by Landlord any amounts necessary to increase said fund to assure that the
      balance is sufficient to fully pay the Taxes when due.

    

    6.3 Personal
      Property Taxes.
      If any
      of Tenant’s personal property shall be assessed with Landlord’s real property,
      Tenant shall pay Landlord the taxes attributable to Tenant’s property within ten
      (10) business days after receipt of a written statement setting forth the Taxes
      applicable thereto. Landlord will furnish Tenant upon request a copy of a
      receipted tax bill for any such taxes paid by Tenant.

    

    6.4 Tax
      Proration.
      Upon
      the expiration or earlier termination of this Lease (except for the termination
      hereof pursuant to the provisions of Section
      24.1),
      any
      Taxes levied, assessed or becoming due upon the Premises shall be prorated
      to
      the Termination Date.

    

    6.5 Tax
      Appeal.
      If the
      Tenant shall desire to contest, in good faith, by legal proceedings formally
      conducted at its own expense, any such Taxes, assessments, or other charges,
      it
      may do so, either in its own name or in the name of the Landlord, upon notice
      to
      the Landlord, in writing, before the due date thereof, of its intention to
      do
      so, provided that such proceeding has the effect of staying any action to impose
      or foreclose a lien for same. Landlord agrees to give Tenant prompt notice
      of
      all such charges, taxes, assessments, or other charges to enable Tenant to
      take
      a timely appeal or to contest the same in a timely fashion.

    

    
      	
              7.

            	
              SECURITY
                DEPOSIT

            

    

    

    7.1 Deposit.
      Tenant
      agrees to deposit with Landlord the sum of $24,375.00 to be retained as a
      security deposit (the “Security
      Deposit”).
      One-half of the Security Deposit ($12,187.50) shall be paid upon the execution
      of this Lease, with the remainder to be paid to Landlord on or before July
      15,
      2002. If Tenant fails to pay Rent or other charges due hereunder within any
      applicable grace or cure period, or is otherwise in default hereunder, Landlord
      may use, apply or retain all or any portion of the Security Deposit for the
      payment of any Rent or other charge in default or for the payment of any sum
      to
      which Landlord may become obligated by reason of Tenant’s default, or to
      compensate Landlord for any loss or damage Landlord may suffer thereby. Tenant
      shall be required to replenish the Security Deposit to its original amount
      within five (5) business days after any drawdown by Landlord.

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    7.2 Transfer
      of Landlord’s Interest.
      In the
      event of a sale of the Premises, Landlord shall have the right to transfer
      the
      balance of the Security Deposit to the purchaser of the Premises, provided
      Landlord delivers to Tenant a written acknowledgment of receipt of such funds
      (or a credit therefor) and an assumption of Landlord’s rights, duties and
      responsibilities under this Lease from such purchaser, including, but not
      limited to, the obligation to apply, retain and return the Security Deposit
      in
      accordance with the terms of this Section, and Landlord shall thereupon be
      released by Tenant from all liability for the return of the Security Deposit;
      and Tenant agrees to look solely to the new landlord for the return of said
      Security Deposit.

    

    7.3 Custody
      and Return of Deposit.
      If
      Tenant performs all of Tenant’s obligations hereunder, the Security Deposit, or
      so much as has not been applied by Landlord, will be returned to Tenant within
      thirty (30) days of the date Tenant vacates the Premises. Landlord will not
      be
      required to retain the Security Deposit in a separate escrow account and shall
      pay Tenant no interest thereon.

    

    
      	
              8.

            	
              ESTOPPEL
                STATEMENTS

            

    

    

    Landlord
      and Tenant shall, at any time upon not less than ten (10) business days prior
      written notice from the other, execute, acknowledge and deliver to the
      requesting party an estoppel statement in form and substance reasonably
      satisfactory to the requesting party. Any such statement may be conclusively
      relied upon by any third party purchaser, mortgagee or assignee, or any other
      party, and their respective successors and assigns.

    

    
      	
              9.

            	
              UTILITIES

            

    

    

    Tenant
      will pay directly all charges incurred for all utility services used and
      separately metered on or from the Premises and any maintenance charges for
      said
      utilities. Landlord will in no event be required to furnish or be liable for
      any
      interruption or failure of any utility services on the Premises.

    

    
      	
              10.

            	
              COMMON
                AREAS

            

    

    

    10.1 Definition:
      The
“Common
      Areas”
are
      defined as all areas and facilities outside the Premises that are provided
      and
      designated for the general use and convenience of Tenant and other tenants
      in
      the Building. Landlord reserves the right from time to time to make changes
      in
      the shape, size, location, number and extent of the land and improvements
      constituting the Common Areas, provided that Landlord shall not materially
      impair the ability of Tenant to operate its business.

    

    10.2 Operation
      and Rules and Regulations:
      During
      the term of this Lease, Landlord shall operate, manage, and maintain the Common
      Areas, subject to the sole discretion of Landlord, and such reasonable
      regulations and changes therein as Landlord shall make from time to time
      (“Regulations”).
      Tenant shall abide by and conform to the Regulations and shall cause the
      subtenants, agents, employees, customers, invitees, licensees, independent
      contractors and guests (“Guests”)
      of
      Tenant to so abide and conform. Landlord reserves the right from time to time
      to
      make all reasonable modifications to the Regulations, which shall be binding
      upon Tenant upon delivery of a copy of them to Tenant. Landlord will undertake
      to enforce the Regulations in a consistent manner with respect to all tenants
      of
      the Building, but shall not be responsible to Tenant for the nonperformance
      of
      any Regulations by any other tenants of the Building.

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    10.3 License
      To Use:
      Landlord hereby grants to Tenant and its Guests, during the term of this Lease,
      the license to use, for their benefit, in common with such other parties as
      are
      entitled to such use, the Common Areas, subject to the rights, powers and
      privileges herein reserved to Landlord. Landlord shall have the right to do
      and
      perform such other acts in the Common Areas as, in its sole discretion, Landlord
      shall determine to be advisable for the maintenance, preservation, improvement
      or convenient use of the Building.

    

    10.4 Parking:
      Tenant
      and its Guests are granted during the term of this Lease a license in common
      with others to park during Tenant’s business hours (on a first come, first
      served basis) up to 40 motor vehicles within the parking area in the Common
      Areas, but only in areas designated by Landlord for that purpose. Landlord
      shall
      have the right to police the parking facilities and enforce parking restrictions
      and applicable Regulations by any lawful means.

    

    10.5 Rubbish
      Removal; Repairs:
      Tenant
      shall keep all of its trash, rubbish and garbage in an area and manner as
      designated by Landlord, subject to applicable Regulations. Tenant shall repair,
      at its cost, all deterioration or damage to the Common Areas occasioned by
      its
      lack of ordinary care. If Tenant does not make such repairs to the Common Areas
      promptly, Landlord may, but need not, make repairs, and Tenant shall promptly
      pay the cost thereof as Additional Rent.

    

    
      	
              11.

            	
              MAINTENANCE
                AND REPAIRS

            

    

    

    11.1 Landlord’s
      Obligations.
      Landlord shall, at its sole cost and expense, maintain the structural soundness
      of the roof, foundation, floors and exterior walls, and shall keep the foregoing
      items and the sprinkler alarm monitoring systems and the heating, air
      conditioning, ventilation, electrical and plumbing systems and Landlord’s
      fixtures at the Building (but not the windows) in good repair, reasonable wear
      and use and maintenance occasioned by Tenant’s misuse or negligence excepted.
      Landlord shall, at Tenant’s cost and expense as an Operating Expense, keep the
      driveway, parking area and sidewalks clean and free and clear of ice, snow,
      debris and other obstructions, maintain all landscaped areas and mow all grass
      areas on a regular basis during the growing season. In the event of repairs
      contemplated in Sections
      13
      and
14,
      the
      provisions of those Sections shall control.

    

    11.2 Landlord
      Inability to Perform.
      Landlord reserves the right, without liability to Tenant and without
      constituting any claim of constructive eviction, to stop, interrupt or delay
      (a)
      repairing or replacing any service, equipment or fixtures serving the Premises
      and (b) the use of any Building facilities, at such times and for as long as
      may
      reasonably be required by any cause beyond the reasonable control of Landlord.
      No such stoppage or interruption shall entitle Tenant to any abatement of rent
      or other compensation, nor shall this Lease or any of the obligations of Tenant
      be affected or reduced by reason of any such stoppage, interruption or delay.
      Landlord shall use reasonable efforts to reinstate any service or use which
      may
      be stopped or interrupted as aforesaid.

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    11.3 Tenant’s
      Obligations. Tenant shall at its own cost and expense keep and maintain all
      other portions of the Premises not included as part of Landlord’s Obligations as
      set forth in Section
      11.1
      above,
      in good, safe and sanitary order, condition and repair, reasonable wear and
      use
      excepted, and will suffer no waste. During the Term, Tenant shall, at its sole
      cost and expense, purchase a service contract for the heating, air conditioning
      and ventilation systems in the Building, which contract shall be reasonably
      acceptable to Landlord. Except as otherwise provided in Section
      11.1
      above or
      under Sections
      13
      or
14,
      Tenant
      will promptly make all necessary repairs upon or in connection with the Premises
      and all structural and mechanical repairs necessitated by Tenant’s or Tenant’s
      Guests’ negligence or misuse of the Premises or its use and occupancy thereof.
      All repairs made by Tenant shall be at least equal to the original work in
      class
      and quality. At the expiration or other termination of this Lease Tenant will
      deliver the Premises in good repair and condition, reasonable wear and tear
      only
      excepted, unless this Lease is terminated under Sections
      13
      or
14.

    

    
      	
              12.

            	
              INSPECTION

            

    

    

    Landlord
      and Landlord’s agents and representatives will have the right to enter and
      inspect the Premises at any reasonable time during business hours after
      reasonable advance oral or written notice to Tenant, or at any time in case
      of
      emergency, for the purpose of ascertaining the condition of the Premises, curing
      any default on the part of Tenant, making repairs to the Premises or showing
      the
      Premises to prospective tenants or purchasers.

    

    
      	
              13.

            	
              CASUALTY
                DAMAGE 

            

    

    

    13.1 Duty
      to Repair.

    

    If
      the
      Premises, or any part thereof, shall be damaged by any casualty and Tenant
      shall
      give prompt written notice thereof to Landlord, Landlord shall, subject to
      the
      provisions of Section
      13.2
      below,
      proceed with reasonable diligence to repair or cause to be repaired such damage.
      If the Premises, or any part thereof, shall be rendered untenantable by reason
      of such damage, Rent hereunder shall be appropriately abated for the period
      from
      the date of such damage to the date when the damage shall have been
      substantially repaired. Provided, if Landlord or any mortgagee of the Premises
      shall be unable to collect the insurance proceeds (including rent insurance
      proceeds) applicable to such damage because of negligence or willful misconduct
      on the part of Tenant or its Guests, the cost of repairing such damage shall
      be
      paid by Tenant and there shall be no abatement of Rent. Unless due to the
      negligence or willful misconduct of Landlord or its agents and contractors,
      Landlord shall not be liable for any inconvenience or annoyance to Tenant or
      injury to the business, furniture, furnishings or equipment of Tenant resulting
      in any way from such damage or the repair thereof. If Landlord elects or shall
      be obligated to repair or restore any damage as aforesaid, the scope of work
      shall be limited to the original condition of the Premises on the Commencement
      Date, subject to reasonable wear and tear.

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    13.2 Damage
      to Building.
      Notwithstanding the provisions of Section
      13.1
      above,
      if the Building shall be completely destroyed or so damaged by such casualty
      that substantial alteration or reconstruction (which shall be deemed to mean
      (1)
      damage affecting at least 40% of the square footage of the Building, or (2)
      reconstruction or alterations that would take longer than five (5) months from
      the date such damage occurs to complete) shall, in Landlord’s reasonable
      opinion, be required (which opinion will be delivered to Tenant within thirty
      (30) days of the date of such damage), then Landlord or Tenant may, at its
      option, terminate this Lease by notifying the other in writing of such
      termination within sixty (60) days after the date of such damage.

    

    
      	
              14.

            	
              CONDEMNATION

            

    

    

    14.1 Complete
      Taking.
      If the
      whole of the Premises shall be taken for any public or quasi-public use, then
      this Lease shall automatically terminate as of the date that possession has
      been
      taken. Landlord shall give Tenant prompt notice of its knowledge of any actual
      or contemplated condemnation proceedings.

    

    14.2 Substantial
      Condemnation.
      If any
      portion of the Premises shall be taken by condemnation, which taking is
      sufficient to render the remaining portion thereof unsuitable in the reasonable
      judgment of Landlord or Tenant for the use described in Section
      18,
      either
      party may give thirty (30) days written notice to the other of the termination
      of this Lease.

    

    14.3 Non-Substantial
      Condemnation.
      If a
      lesser portion of the Premises than that specified in Section
      14.2
      shall be
      taken by condemnation, this Lease shall continue in full force and effect as
      to
      the portion of the Premises remaining, provided that Base Rent shall be reduced,
      effective upon such taking, in proportion to the gross floor area of the
      Premises taken. In such event, Landlord agrees, at Landlord’s sole cost, but
      only to the extent of any award actually available to Landlord (and not paid
      to
      Landlord’s mortgagee) attributable to the Premises, to as soon as reasonably
      possible restore the Premises to a complete unit of like quality and character
      as Landlord is required to deliver to Tenant at the Commencement Date, subject
      to reasonable wear and tear suffered to the date of such taking and the
      practical limitations of such restoration caused by the condemnation. If
      Landlord does not complete such restoration to a complete unit within ninety
      (90) days of the date title is transferred to the condemning authority, Tenant
      may terminate this Lease by giving Landlord thirty (30) days written notice
      thereof.

    

    14.4 Landlord’s
      Ownership of Condemnation Award.
      All
      awards of any kind for the taking of the Premises or any part thereof shall
      be
      the sole and exclusive property of Landlord. Tenant hereby assigns and
      specifically waives in favor of Landlord all rights it has to said award or
      judgment. Notwithstanding the foregoing, Tenant may pursue a separate award
      for
      moving expenses, its leasehold interest or as otherwise allowed by applicable
      law, so long as such award does not reduce the award made to
      Landlord.

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    
      	
              15.

            	
              EXEMPTION
                OF LANDLORD FROM LIABILITY, LANDLORD’S DEFAULT AND TENANT’S LIMITATION OF
                REMEDIES

            

    

    

    15.1 Exemption.
      Tenant
      hereby agrees that Landlord shall not be liable for injury to Tenant’s business
      or any loss of income therefrom or for damage to the property of Tenant or
      Tenant’s Guests or for injury to the person of Tenant or Tenant’s Guests, unless
      such damage or injury is caused by or results from the negligence or willful
      misconduct of Landlord, its agents, contractors or employees.

    

    15.2 Default
      by Landlord.
      Landlord shall not be in default hereunder unless Landlord fails to perform
      obligations required of Landlord within a reasonable time, but in no event
      until
      thirty (30) days after written notice by Tenant to Landlord specifying therein
      the obligation which Landlord has failed to perform; provided, however, that
      if
      the nature of Landlord’s obligation is such that more than thirty (30) days are
      required for performance, then Landlord shall not be in default if Landlord
      commences performance within such thirty (30) day period and thereafter
      diligently prosecutes the same to completion.

    

    
      	
              16.

            	
              INSURANCE

            

    

    

    16.1 Tenant
      Liability and Hazard Insurance.
      Tenant,
      at its own expense, shall provide and keep in force with companies acceptable
      to
      Landlord (i) broad form comprehensive general liability insurance in the amount
      of not less than One Million Dollars ($1,000,000) per occurrence, such limits
      to
      be for any greater amounts as may be reasonably required by Landlord, and (ii)
      policies of fire and extended coverage insurance on Tenant’s personal property
      in the Premises with standard coverage vandalism, malicious mischief, special
      extended perils (all risk) and difference in conditions coverages and coverage
      against such other risks or hazards and in an amount of not less than One
      Million Dollars ($1,000,000.00). Tenant shall furnish Landlord with certificates
      of such policies whenever required by Landlord.

    

    16.2 Landlord
      Liability and Hazard Insurance.
      Landlord shall maintain in full force and effect on the Building and Common
      Areas (i) a policy or policies of fire and extended coverage insurance with
      standard coverage vandalism, malicious mischief, special extended perils (all
      risk) endorsements to the extent of the replacement value thereof, and (ii)
      broad form comprehensive general liability insurance in the amount of not less
      than Three Million Dollars ($3,000,000.00) per occurrence. Tenant shall have
      no
      interest in such insurance and will sign all documents reasonably necessary
      or
      proper in connection with the settlement of any claim or loss by Landlord.
      Landlord represents that such insurance names Landlord’s mortgagee as an
      additional insured with a right to notice of cancellation, and Landlord agrees
      to provide Tenant with notice of the cancellation of any such insurance (other
      than in connection with the rollover of the policy into, or the replacement
      of
      the policy with, a new policy where there is no gap in coverage).

    

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    
      	
              17.

            	
              WAIVER
                OF SUBROGATION

            

    

    

    Landlord
      and Tenant hereby mutually waive any and all rights of recovery against one
      another for real or personal property loss or damage occurring to the Premises
      or any personal property therein from perils insured against under the insurance
      policies existing for the benefit of the respective parties and will assure
      that
      such insurance permits waiver of liability and contains a waiver of subrogation.
      Nothing herein contained shall relieve Landlord or Tenant from any liability
      to
      the other in connection with any uninsured damage to the Premises by fire or
      other casualty if such party shall be legally liable in such
      respect.

    

    
      	
              18.

            	
              USE;
                COMPLIANCE WITH LAW

            

    

    

    18.1 Use.
      The
      Premises shall be used and occupied only for such commercial office,
      warehousing, manufacturing and related uses as are permitted under existing
      zoning regulations and for no other purposes.

    

    18.2 Compliance
      with Law and Restrictive Covenants.
      Tenant
      shall, at Tenant’s expense, comply promptly with, and shall not use the Premises
      in violation of, all applicable laws, statutes, ordinances, rules, regulations
      and orders, including, but not limited to, those relating to environmental,
      health and safety matters (“Laws”),
      insurance company requirements and restrictive covenants (of which Tenant has
      been given written notice) regulating the use by Tenant of the Premises and
      shall, at Tenant’s expense, obtain and comply with the terms of any and all
      licenses and permits necessary for any such use. Tenant shall not use or permit
      the use of the Premises in any manner that will tend to create waste or a public
      or private nuisance. Tenant shall not use or permit the Premises to be used
      for
      any purpose which would render the insurance thereon void or cause an increase
      in the premiums for such insurance. To the best of Landlord’s knowledge,
      Tenant’s proposed use of the Premises will not void or cause an increase in
      insurance premiums.

    

    
      	
              19.

            	
              ALTERATIONS,
                IMPROVEMENTS AND SIGNS

            

    

    

    19.1 Alterations.
      Tenant
      shall not make any alterations of, substitution and replacement for, additions
      to or removals from (“alterations”)
      the
      Premises, the cost of which exceeds $2,500.00, without Landlord’s advance
      written consent in each and every instance, which consent shall not be
      unreasonably withheld or delayed.

    

    19.2 Required
      Work.
      If any
      alterations are made by Tenant, all work required in connection therewith shall
      be promptly paid for by Tenant and performed in compliance with all Laws in
      a
      first class and workmanlike manner and shall conform to the orders, rules and
      regulations of private insurance rating bureaus. Tenant shall procure and pay
      for all required permits, certificates and licenses in connection with such
      alterations and shall obtain such public liability, builder’s risk and worker’s
      compensation insurance as Landlord may reasonably require.

    

    19.3 Ownership
      and Removal.
      All
      permanently attached additions, non-trade fixtures and improvements, in or
      upon
      the Premises, whether placed thereon by Tenant or by Landlord, shall become
      Landlord’s property and shall remain upon the Premises at the termination of
      this Lease without compensation, allowance or credit to Tenant, unless Landlord
      has requested Tenant to remove such items at the time they were constructed
      or
      installed, in which event, Tenant shall cause such removal at Tenant’s expense.
      All other improvements and trade fixtures installed by Tenant may be removed
      by
      Tenant prior to the termination of this Lease if Tenant so elects and such
      property or any portion thereof will be removed if required by Landlord; upon
      any such removal Tenant will restore the Premises to their original condition.
      Any such property remaining on the Premises after termination shall become
      the
      property of Landlord.

    

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    19.4 Signs.
      Tenant
      shall not install or maintain any sign or graphics on the exterior or interior
      of the Premises without first obtaining Landlord’s written approval and consent,
      which consent shall not be unreasonably withheld or delayed.

    

    
      	
              20.

            	
              LIENS
                AND ENCUMBRANCES

            

    

    

    Tenant
      will not cause, suffer or permit any liens or encumbrances on, nor do any act
      which will in any way encumber or impair, the title of Landlord in and to the
      Premises. Any claim to, or lien upon the Premises arising from any act or
      omission of Tenant, including, but not limited to, any mechanics or
      materialmen’s liens, will accrue only against the leasehold estate of Tenant and
      will be subject and subordinate to the paramount title and rights of Landlord
      in
      and to the Premises. Landlord may, but will not be obligated to, procure the
      discharge of any such lien upon thirty (30) days prior written notice to Tenant.
      Any amount so paid by Landlord, and all reasonable legal and other expenses
      of
      Landlord in defending any such action or procuring the discharge of such lien,
      shall become due and payable as Additional Rent on the date of Landlord’s notice
      to Tenant of such payment or deposit.

    

    
      	
              21.

            	
              SUBORDINATION;
                ATTORNMENT

            

    

    

    21.1 Subordination.
      Tenant
      accepts this Lease subject and subordinate in all respects to any mortgage
      which
      may now or hereafter be placed on or affect the fee interest in the Project
      (the
“mortgage”),
      and
      to each advance made, or hereafter to be made, under any such mortgage, and
      to
      all renewals, modifications, consolidations, replacements, extensions and
      substitutions of and for such mortgage. This Section
      21.1
      shall be
      self-operative and no further instrument of subordination shall be required.
      In
      confirmation of such subordination, Tenant shall execute and deliver promptly
      any certificate that Landlord, and any mortgagee or their respective successors
      in interest may reasonably request. Landlord shall use its best efforts to
      obtain a non-disturbance agreement from the holder of any such mortgage, in
      a
      form reasonably acceptable to Tenant and such holder.

    

    21.2 Attornment.
      If any
      foreclosure proceedings are brought under any mortgage or any mortgagee obtains
      possession of the Premises by deed or lease in lieu of foreclosure, or in any
      other such similar matter, Tenant, at the request of any such party obtaining
      possession will attorn to and recognize them as Landlord under this Lease,
      provided such party agrees not to disturb Tenant’s rights under this Lease.
      Tenant shall, at the request of Landlord, execute a document in form proper
      for
      recording confirming such agreement to attorn.

    

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    
      	
              22.

            	
              ASSIGNMENT
                AND SUBLETTING

            

    

    

    22.1 No
      Assignment or Sublease.
      Except
      as specifically provided herein, Tenant shall not assign, sublet, mortgage
      or
      otherwise transfer this Lease, the Premises, or any part hereof or thereof
      without the prior written consent of Landlord, which consent shall not be
      unreasonably withheld or delayed. A transfer of fifty percent (50%) in the
      aggregate or more of an interest in Tenant (whether by stock, partnership
      interest or otherwise) by any party or parties in interest will be deemed an
      assignment of this Lease. Consent by Landlord to any assignment, subletting,
      mortgage or transfer shall not operate to relieve, release or discharge Tenant
      from any covenant or obligation hereunder, except to the extent, if any,
      expressly provided for in such consent, or be deemed to be a consent to or
      relieve Tenant from obtaining Landlord’s consent to any subsequent assignment,
      transfer, subletting or mortgage. Landlord shall not be deemed to have
      unreasonably withheld its consent hereunder if its consent is withheld because:
      (a) Tenant is in default under this Lease and such default has not been timely
      cured; (b) any notice of termination of this Lease or termination of Tenant’s
      possession shall have been given under Section
      24
      hereof;
      (c) the portion of the Premises which Tenant proposes to sublease, including
      the
      means of ingress to and egress from and the proposed use thereof, and the
      remaining portion of the Premises, will violate any applicable laws; (d) the
      proposed use of the Premises by the subtenant or assignee does not conform
      with
      the use permitted by Section
      18
      hereof;
      or (e) in the reasonable judgment of Landlord, the proposed subtenant or
      assignee is of a character or is engaged in a business which would be
      deleterious to the reputation of the Premises, or the subtenant or assignee
      is
      not sufficiently financially responsible to perform its obligations under the
      proposed sublease or assignment; provided, however, that the foregoing are
      merely examples of reasons for which Landlord may withhold its consent and
      shall
      not be deemed exclusive of any permitted reasons for reasonably withholding
      consent, whether similar to or dissimilar from the foregoing
      examples.

    

    22.2 Subtenant
      Rentals.
      In the
      event of a default by Tenant hereunder, if the Premises or any part thereof
      are
      then sublet, Landlord may at its option collect directly from such subtenant
      all
      rents becoming due to Tenant under such sublease and apply such rent against
      any
      sums due to it by Tenant hereunder, without thereby waiving or releasing Tenant
      from the further performance of its obligations hereunder.

    

    
      	
              23.

            	
              DEFAULT

            

    

    

    23.1 Event
      of Default.
      The
      occurrence of any one or more of the following events will constitute a default
      hereunder:

    

    A. Tenant
      fails to make any payment within three (3) business days after the same is
      due
      hereunder. Landlord agrees that it will apply the Security Deposit to cure
      such
      failure in full, and Tenant shall not be in default hereunder unless it fails
      to
      replenish the Security Deposit as required under Section
      7.1
      above.
      If the Security Deposit is not sufficient to cure such failure in full, Tenant
      shall be in default hereunder if its fails to pay such shortfall to Landlord
      within three (3) business days after notice thereof from Landlord.

    

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    B. Tenant
      voluntarily assigns this Lease or subleases the Premises, or any part thereof,
      without the prior written approval of Landlord, except as expressly provided
      in
Section
      22
      hereof.

    

    C. Tenant
      fails to observe or perform any of the other covenants, conditions or provisions
      of this Lease and Tenant fails to cure such default within thirty (30) days
      after notice thereof in writing to Tenant.

    

    D. Tenant
      files a petition in bankruptcy or for reorganization or for an arrangement
      pursuant to the Bankruptcy Act of the United States or shall be adjudicated
      a
      bankrupt or shall admit in writing its inability to pay its debts generally
      as
      they become due, or if a petition or answer proposing the adjudication of Tenant
      as a bankrupt pursuant to the Bankruptcy Act of the United States or any similar
      federal or state law is filed and such petition or answer shall not be
      discharged or denied within sixty (60) calendar days after the date of filing
      thereof.

    

    E. A
      receiver, trustee or liquidator of Tenant or of all or substantially all the
      property of Tenant or of its interest in the Premises shall be appointed in
      any
      proceeding brought by Tenant, or if any such receiver, trustee or liquidator
      shall be appointed in any proceeding brought against Tenant and if such
      receiver, trustee or liquidator shall not be discharged within sixty (60)
      calendar days after such appointment.

    

    F. The
      Premises shall have been abandoned or left unoccupied for twenty-five (25)
      consecutive calendar days.

    

    G. The
      occurrence of any other event which is defined as a default elsewhere in this
      Lease, together with the passage of the applicable grace period, if any, without
      cure.

    

    
      	
              24.

            	
              REMEDIES

            

    

    

    Upon
      the
      occurrence of any one or more such events of default, Landlord may at its
      election, either terminate this Lease or terminate Tenant’s right to possession
      only, without terminating this Lease, pursuant to the following
      provisions:

    

    24.1 Termination
      of Lease.

    

    A. Landlord
      shall have the right, at its election, to terminate this Lease on a date
      specified in a notice from Landlord to Tenant. On such Termination Date, all
      right, title and interest of Tenant hereunder shall expire, and Tenant shall
      then peaceably and quietly quit the Premises and surrender the same to Landlord,
      but Tenant shall remain liable as hereafter provided. If any such notice is
      given, Landlord shall have the immediate right of re-entry and possession of
      the
      Premises and the right, pursuant to the provisions of Section
      24.3,
      to
      remove all persons and other property therefrom.

    

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    B. Upon
      termination of this Lease, Landlord at its option shall be entitled to recover
      as liquidated damages, in lieu of all other claims for damages on account of
      the
      termination of this Lease, an amount equal to the total of:

    

    (i) all
      Rent
      and Additional Rent due and payable by Tenant through the Termination Date;
      plus

    

    (ii) an
      amount
      equal to the value of Rent and Additional Rent to be paid by Tenant for the
      residue of the stated term hereof, less the fair rental value of the Premises
      for the remainder of the stated term (taking into account all time and expenses
      necessary to obtain the replacement tenant or tenants).

    

    Tenant’s
      economic obligations under this Section
      24.1.B.
      shall
      survive the termination of this Lease. Said amount shall be due and payable
      by
      Tenant immediately upon demand by Landlord.

    

    24.2 Termination
      of Possession.

    

    A. Landlord
      shall have the right, at its election, to terminate Tenant’s right of possession
      only, without terminating this Lease, on a date specified in a notice from
      Landlord to Tenant, and on such date, all rights of Tenant with respect to
      possession of the Premises shall expire. Upon such date, Landlord may, at its
      option, repossess the Premises pursuant to the provisions of Section
      24.3,
      without
      terminating this Lease or releasing Tenant, in whole or in part, from any of
      Tenant’s obligations hereunder, including the payment of Rent hereunder for the
      full Term.

    

    B. Landlord
      will make a reasonable attempt to relet all or any part of the Premises for
      such
      rent and upon terms satisfactory to Landlord. If Landlord does not relet the
      Premises, Tenant will periodically pay Landlord when due all Rent and other
      amounts due from Tenant to Landlord under this Lease for the remainder of the
      Lease Term. If the Premises are relet and a sufficient sum is not realized
      from
      such reletting (after paying all of the reletting costs and the collection
      of
      the rental accruing therefrom) to satisfy the Rent for the remainder of the
      Lease Term, Tenant will be liable for the difference in Rent and shall pay
      same
      upon demand to Landlord. Tenant agrees that Landlord may commence successive
      actions to recover any sums falling due under the terms of this Section
      24.2.B.,
      or may,
      upon such reletting, terminate this Lease pursuant to Section
      24.1
      and
      proceed against Tenant in one action for liquidated damages thereunder. Landlord
      shall not be liable or responsible for failure to relet the Premises, or if
      the
      Premises are relet, for failure to collect the rent thereof under such
      reletting.

    

    24.3 Repossession
      of Premises.
      Upon
      termination of this Lease or upon termination of Tenant’s possession, Landlord
      may peacefully reenter the Premises in accordance with applicable Laws and
      remove all persons, fixtures, chattels, signs, and other evidence of tenancy
      therefrom and Landlord will not be liable for any damages resulting therefrom
      unless caused by Landlord’s negligence or willful misconduct. Upon such
      repossession, Landlord may again have and enjoy the same as if this Lease had
      not been made, and in any such event, neither Tenant nor any person claiming
      through or under Tenant shall be entitled to possession of the Premises, but
      shall immediately quit and surrender the Premises. Tenant shall pay to Landlord,
      upon demand, any and all expenses incurred in such removal and all storage
      charges for such property so long as the same shall be in Landlord’s possession
      or under Landlord’s control. Landlord may thereafter, for the purpose of
      reletting the Premises at its option under Section
      24.1,
      or as
      such attempt is required under Section
      24.2,
      make
      any repairs, changes, alterations or additions in or to the Premises and incur
      reasonable reletting costs as may be necessary, in Landlord’s sole reasonable
      discretion.

    

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    24.4 Miscellaneous
      Remedy Provisions:

    

    A. Nothing
      herein shall limit or prejudice the right of Landlord to prove and obtain the
      maximum damages allowed by any statute or rule of law in any proceedings for
      bankruptcy or insolvency, whether or not the amount be greater than the amount
      of damages otherwise allowed under this Paragraph
      24.

    

    B. Landlord
      may collect and receive any Rent due from Tenant, and the payment thereof shall
      not: (1) constitute a waiver of or affect any notice or demand given, suit
      instituted or judgment obtained by Landlord; (2) serve to reinstate, continue
      or
      extend the Lease Term; or (3) be held to waive, affect, change, modify or alter
      the rights or remedies which Landlord has against Tenant in equity or at law
      or
      by virtue of this Lease, unless any such rights are specifically waived by
      Landlord in writing.

    

    C. If
      Tenant
      at any time fails to make any payment or perform any of its obligations
      hereunder, Landlord may, but shall not be obligated to make such payment or
      performance and in connection therewith to pay reasonable expenses and employ
      counsel. All sums so paid by Landlord shall be deemed Additional Rent and shall
      be payable upon demand, and Landlord shall have the same rights and remedies
      for
      the nonpayment thereof as in the case of default in the payment of Rent. Unless
      caused by Landlord’s negligence or willful misconduct, Landlord shall not in any
      event be liable for any damages caused by reason of Landlord’s performance
      hereunder.

    

    
      	
              25.

            	
              LANDLORD’S
                LIEN

            

    

    

    In
      addition to any statutory lien Landlord has, Tenant hereby grants to Landlord
      a
      continuing security interest in all personal property of Tenant situated on
      or
      about the Premises which is underground or cannot be removed without material
      damage to the Premises. Such property will not be removed from the Premises
      without Landlord’s consent until all sums of money and other obligations then
      due Landlord hereunder are first paid and discharged. Upon a default under
      this
      Lease, Landlord shall have, in addition to all other remedies provided herein
      or
      by law, all rights and remedies under the Uniform Commercial Code.

    

    
      	
              26.

            	
              SURRENDER

            

    

    

    Upon
      the
      Termination Date, Tenant shall at once peaceably surrender the Premises to
      Landlord in the same condition in which the same were received from Landlord
      at
      the Commencement Date and as altered with the written consent of Landlord,
      ordinary wear and tear excepted. All property situated on the Premises which
      is
      not owned by Landlord shall be disposed of and be deemed owned by the applicable
      parties in accordance with the provisions of Section
      19.3.

    

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    
      	
              27.

            	
              HOLDING
                OVER

            

    

    

    Any
      holding over by Tenant of the Premises after the Termination Date will operate
      and be construed to be a tenancy from month to month only at a monthly rental
      of
      one hundred twenty-five percent (125%) of the last monthly Base Rent plus all
      other Additional Rent payable hereunder, and upon the terms hereof applicable
      to
      month-to-month tenancy. Nothing contained herein is to be construed to give
      Tenant the right to hold over at any time and Landlord may exercise any and
      all
      remedies at law or in equity to recover possession of the Premises and damages
      resulting from any such holding over.

    

    
      	
              28.

            	
              QUIET
                ENJOYMENT

            

    

    

    Tenant,
      provided it is not in default hereunder, shall peaceably and quietly hold,
      occupy, and enjoy the Premises for the Lease Term without hindrance, ejection,
      or interruption by Landlord, or persons lawfully or equitably claiming under
      Landlord (except as provided under Section
      12.

    

    
      	
              29.

            	
              NOTICES

            

    

    

    All
      notices required or permitted hereunder or required by law shall be in writing
      and either served personally upon the party or an officer of the party to whom
      the notice is addressed or sent via United States Mail, postage prepaid,
      certified mail, return receipt requested, national overnight delivery service
      or
      hand delivered, addressed to the parties hereto at their respective addresses
      set forth below or as they have heretofore specified by written notice delivered
      in accordance herewith and shall be deemed given when received or upon refusal
      to accept, or upon return because of impossibility to deliver.

    

    The
      mailing address of Landlord and Tenant are: 

     

    
      	
              Landlord

            	
              Tenant

            
	 	 
	
              Commerce
                Park Realty, LLC 

              7
                Finance Drive

              Danbury,
                CT 06810

            	
              Power
                Designs, Inc. 

              14
                Commerce Drive

              Danbury,
                CT 06810

            
	 	 
	
              With
                a copy to:

            	
              With
                a copy to:

            
	 	 
	
              Pepe
                & Hazard LLP

              Goodwin
                Square

              Hartford,
                CT 06103

              Attn:
                Thomas B. Mitchell, Esq.

            	
              Glenn
                T. Terk, Esq. 

              81
                Wolcott Hill Road 

              Wethersfield,
                CT 06109

            

    

    

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    Any
      notice by either party hereto to the other which relates to a default which,
      if
      not cured within the applicable grace period, would give rise to termination
      rights by either party shall be simultaneously given to any mortgagee of the
      Project.

    

    
      	
              30.

            	
              RECORDING

            

    

    

    Tenant
      shall not record this Lease and any such recordation shall be a default
      hereunder. Concurrently with the execution of this Lease, Landlord and Tenant
      shall, at the request of either party, execute a short form “memorandum” of this
      Lease prepared by Landlord in form suitable for recording which Tenant may,
      at
      its cost, record; provided that Tenant shall, if it records such memorandum,
      furnish a copy bearing the recorder’s stamp to Landlord. Upon the termination of
      this Lease, Tenant shall, at the request of Landlord, execute and deliver to
      Landlord a lease cancellation instrument in form suitable for
      recording.

    

    
      	
              31.

            	
              MISCELLANEOUS

            

    

    

    31.1 Definitions.
      Words
      of any gender used in this Lease will be construed to include any other gender
      and words in the singular number shall include the plural unless the context
      requires otherwise. The term “person” when used in this Lease shall mean any
      individual, corporation, partnership, limited partnership, firm, trust, joint
      venture, business association, syndicate, combination, organization or any
      other
      person or entity. The term “business day” when used in this Lease shall mean any
      day other than Saturday, Sunday or any legal holiday under the laws of the
      United States or the State of Connecticut.

    

    31.2 Binding
      Effect.
      The
      terms, provisions, covenants and conditions contained in this Lease will apply
      and, inure to the benefit of, and be binding upon, the parties hereto and upon
      their respective heirs, legal representatives, successors and permitted assigns,
      except as otherwise herein expressly provided.

    

    31.3 Interest
      Rate.
      Except
      as expressly herein provided, any amount due to Landlord or Tenant not paid
      when
      due shall bear interest from the date due at the rate of twelve percent (12%)
      or
      the highest rate permitted by law, whichever is less.

    

    31.4 Captions.
      The
      headings to the Sections of this Lease are for convenience only and do not
      define, limit or otherwise describe the scope or intent of this Lease or any
      provision hereof nor affect the interpretation of this Lease.

    

    31.5 Entire
      Agreement.
      This
      Lease and the Exhibits hereto contain all agreements of the parties with respect
      to any matter mentioned herein or therein. No prior agreement or understanding
      pertaining to any such matter shall be effective. This Lease may be modified
      in
      writing only, signed by the parties in interest at the time of the
      modification.

    

    31.6 Time
      of the Essence.
      Time is
      of the essence with respect to the due performance of the terms, covenants
      and
      conditions herein contained.

    

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

    31.7 Separability.
      If any
      term or provision of this Lease is to any extent held invalid or unenforceable,
      the remaining terms and provisions of this Lease will not be affected thereby,
      but each term and provision of this Lease will be valid and be enforceable
      to
      the fullest extent permitted by law.

    

    31.8 Non-Exclusive
      Remedies.
      No
      remedy or election hereunder shall be deemed exclusive, but shall wherever
      possible, be cumulative with all other remedies at law or in
      equity.

    

    31.9 No
      Waiver.
      No
      waiver by Landlord or Tenant of any provision hereof shall be deemed a waiver
      of
      any other provision hereof or of any subsequent breach of the same or any other
      provision. Landlord’s or Tenant’s consent to or approval of any act shall not be
      deemed to render unnecessary the obtaining of consent to or approval of any
      subsequent act.

    

    31.10 No
      Merger.
      The
      voluntary or other surrender of this Lease by Tenant, or a mutual cancellation
      thereof, shall not work a merger, and shall, at the option of Landlord,
      terminate all or any existing subtenancies or may, at the option of Landlord,
      operate as an assignment to Landlord of any or all of such subtenancies. There
      shall be no merger of this Lease or of the leasehold estate hereby created
      with
      the fee estate in the Premises or any part hereof by reason of the fact that
      the
      same person may acquire or hold all or part of both such estates.

    

    31.11 Governing
      Law.
      This
      Lease shall be construed and enforceable in accordance with the laws of the
      State of Connecticut.

    

    31.12 Assignment
      by Landlord.
      Nothing
      in this Lease is to be deemed to limit or affect the right of Landlord to sell,
      assign, encumber, transfer, lease or otherwise dispose of any or all of
      Landlord’s interest in any portion or all of the Premises. From and after the
      date of any such transfer, Landlord shall be relieved of all liability for
      Landlord’s obligations thereafter to be performed hereunder.

    

    31.13 Exhibits.
      All
      Exhibits referred to in and attached to this Lease are hereby made a part of
      this Lease.

    

    31.14 Partial
      Payment.
      No
      receipt or acceptance by Landlord from Tenant of less than the monthly Rent
      herein stipulated shall be deemed to be other than a partial payment on account
      for any due and unpaid Rent; no endorsement or statement on any check or any
      letter or other writing accompanying any check or payment of Rent to Landlord
      shall be deemed an accord and satisfaction, and Landlord may accept and
      negotiate such check or payment without prejudice to Landlord’s rights to
      recover the remaining balance of such unpaid Rent or pursue any other remedy
      provided in this Lease.

    

    31.15 Requested
      Amendments.
      Tenant
      agrees to execute any amendments to this Lease required by a lender to enable
      Landlord to obtain financing for the Premises or to enable Landlord to
      effectuate a sale of the Premises or any portion thereof so long as Tenant’s
      rights hereunder are not materially adversely affected thereby.

    

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

    31.16 Injunctive
      Relief.
      In
      addition to the other remedies provided in this Lease, Landlord shall be
      entitled to injunctive relief in case of the violation, or attempted or
      threatened violation, of any of the covenants, agreements, conditions or
      provisions of this Lease or to a decree compelling performance of any of the
      covenants, agreements, conditions or provisions of this Lease.

    

    31.17 Waiver
      of Rights.
      TO
      THE EXTENT PERMITTED BY LAW, TENANT HEREBY WAIVES FOR ITSELF AND ALL THOSE
      CLAIMING UNDER IT, ANY RIGHTS WHICH IT MAY HAVE UNDER ANY PRESENT OR FUTURE
      CONSTITUTION, STATUTE OR RULE OF LAW: (I) TO REDEEM THE PREMISES AFTER
      TERMINATION OF TENANT’S RIGHT OF OCCUPANCY BY ORDER OR JUDGMENT OF ANY COURT OR
      BY ANY LEGAL PROCESS OR WRIT; (II) WHICH ENTITLES TENANT TO NOTICE OR HEARING
      PRIOR TO LANDLORD OBTAINING ANY PREJUDGMENT REMEDY; IN CONNECTION HEREWITH,
      TENANT WAIVES AND RELINQUISHES ALL RIGHTS TO NOTICE AND HEARING UNDER
      CONNECTICUT GENERAL STATUTES SECTION 52-278A ET SEQ.; AND (III) TO A TRIAL
      BY
      JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY EITHER OF THE PARTIES
      HERETO AGAINST THE OTHER OR ANY MATTERS BETWEEN THE PARTIES WHATSOEVER ARISING
      OUT OF OR IN ANY WAY CONNECTED WITH THIS LEASE.

    

    31.18 Expenses
      and Attorneys Fees.

    

    A. If
      Landlord or Tenant shall be in default in the performance of any of its
      obligations hereunder, the non-performing party shall pay to the other party
      all
      the reasonable costs and expenses incurred in connection therewith, including
      without limitation, reasonable attorney’s fees, whether or not resort is had to
      judicial proceedings.

    

    B. If
      Landlord or Tenant shall, without fault on its part, be made a party to any
      litigation commenced against the other and if the party against whom the
      litigation has been commenced shall fail to provide the other party with counsel
      approved by such other party (such approval not to be unreasonably withheld),
      the party against whom the litigation has been commenced shall pay all
      reasonable costs and reasonable attorney’s fees incurred or paid by the other in
      connection with such litigation.

    

    31.19 Effective
      Date of Lease.
      Submission of this instrument for examination does not constitute a reservation
      of or option for the Premises. This Lease becomes effective only upon execution
      and delivery by both Landlord and Tenant.

    

    
      	
              32.

            	
              INDEMNIFICATION

            

    

    

    32.1 Subject
      to the waiver of subrogation provisions of Section
      17,
      Tenant
      agrees to indemnify and save harmless Landlord from and against any and all
      liabilities, damages, costs, expenses (including any and all reasonable
      attorney’s fees and expenses of Landlord), causes of action, suits, claims,
      demands or judgments of any nature whatsoever arising from (i) any work or
      thing
      done in, on or about the Premises or any part thereof by or at the request
      or
      direction of Tenant, any subtenant or their respective Guests, (ii) injury
      to,
      or the death of, persons or damage to property at the Premises or upon adjoining
      sidewalks, streets, alleys, curbs, vaults, spaces or ways, or in any manner
      growing out of or connected with the use, nonuse, condition, possession,
      operation, maintenance, management or occupation of the Premises or resulting
      from the condition thereof or of adjoining sidewalks, streets, alleys, curbs,
      vaults, spaces or ways, which is not caused by the negligence or willful
      misconduct of Landlord, (iii) any negligence on the part of Tenant, any
      subtenant or their respective Guests and (iv) violation by Tenant, any subtenant
      or their respective Guests of any agreement or condition of this Lease and
      of
      conditions, agreements, restrictions, or Laws affecting the Premises or the
      ownership, occupancy or use thereof.

    

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

    32.2 Subject
      to the waiver of subrogation provisions of Section
      17,
      Landlord agrees to indemnify and save harmless Tenant from and against any
      and
      all liabilities, damages, costs, expenses (including any and all reasonable
      attorney’s fees and expenses of Tenant), causes of action, suits, claims,
      demands or judgments of any nature whatsoever arising from (i) any work or
      thing
      done by Landlord, its agents, contractors and other Guests as part of Landlord’s
      Obligations pursuant to the terms of this Lease; (ii) injury to, or the death
      of, persons or damage to property at the Premises or upon adjoining sidewalks,
      streets, alleys, curbs, vaults, spaces or ways, caused by the negligence or
      willful misconduct of Landlord, its agents, contractors and other Guests, and
      (iii) any negligence on the part of Landlord or its agents, contractors or
      other
      Guests.

    

    [SIGNATURES
      ON NEXT PAGE]

    

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

    

    IN
      WITNESS WHEREOF, Landlord and Tenant have executed this Lease as of the day
      and
      year first above written.

     

    
      	 	
              LANDLORD:

               

              COMMERCE
                PARK REALTY, LLC

               

              By: 
                Commerce
                Park Management Company

              Its
                Manager

               

               

              By:
                ______________________

              Melvyn
                J. Powers

              Its
                President

            
	 	 
	 	 
	 	
              TENANT:

               

              POWER
                DESIGNS, INC.

               

              By  
                ______________________

              Name:

              Its:

            

    

    

    
      
         

      

      
        21

        
          

        

      

      
         

      

    

    

    EXHIBIT
      A

    

    PREMISES

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    EXHIBIT
      B

    

    WORK
      LETTER

    

    The
      following build out will be in accordance with the attached drawing referenced
      as Exhibit B1:

    

    
      	
            	·	
              Construct
                fire rated demising wall

            

    

    

    
      	
            	·	
              Subdivision
                and separate metering of electrical and HVAC
                service

            

    

    

    
      	
            	·	
              Repair
                or replace all rooftop HVAC units

            

    

    

    
      	
            	·	
              Install
                new roof and repair all rooftop
                leaks

            

    

    

    
      	
            	·	
              Construction
                of five (5) new offices similar in nature to the existing offices,
                inclusive of framing, drywall, painting, ceiling tiles and electrical
                wiring

            

    

    

    
      	
            	·	
              Repaint
                walls and re-carpet one of the existing offices per Exhibit B1
                attached

            

    

    

    
      	
            	·	
              Create
                egress from production area to the rear of engineering lab and install
                double door

            

    

    

    
      	
            	·	
              Install
                door from existing engineering lab to rear portion of engineering
                lab

            

    

    

    
      	
            	·	
              Install
                interior loading dock door and repair exterior loading dock
                door

            

    

    

    
      	
            	·	
              Existing
                air compressor to remain in place in the generator room as shown
                on
                Exhibit B1, but Landlord will provide Tenant access to such compressor
                on
                a daily basis for purposes of turning the unit on and off and servicing
                same as needed

            

    

    

    
      	
            	·	
              Installation
                of utility sinks in existing men’s
                lavatory

            

    

    

    
      	
            	·	
              Secure
                and encapsulate existing phone system utility
                room

            

    

    

    
      	
            	·	
              Vacated
                space to be left in as is condition, subject to ordinary wear and
                tear,
                but Tenant shall be responsible for damage not constituting ordinary
                wear
                and tearExhibit
      10.45

     

    CITIZENS
      BANK OF MASSACHUSETTS

    LOAN
      AND
      SECURITY AGREEMENT

    WITH

    TECHNIPOWER
      LLC

    May
      3,
      2006

    

    PREAMBLE.
      This Loan and Security Agreement is made as of the date set forth above between
      TECHNIPOWER LLC, a Delaware limited liability company with a mailing address
      of
      14 Commerce Drive, Danbury, CT 06810 (“Borrower”) and CITIZENS BANK OF
      MASSACHUSETTS, a Massachusetts bank having an address of 28 State Street,
      Boston, Massachusetts 02109 (“Bank”). Borrower has requested that Bank make
      available to it a revolving line of credit for Borrower’s general working
      capital uses and Bank has agreed to make such credit facilities available,
      but
      only on the terms and conditions set forth herein.

    

    1. GRANT
      OF
      SECURITY INTEREST. Borrower, for good and valuable consideration, the receipt
      and sufficiency of which are hereby acknowledged, hereby grants to Bank a
      continuing security interest in the Collateral owned by it or in which it may
      now or hereafter have any right, title or interest and in all of the products
      and proceeds thereof. The security interest granted to Bank by Borrower hereby
      is to secure payment and performance of all Obligations.

    

    2. LOANS
      AND
      CREDITS. Subject to the terms and conditions set forth herein, Borrower has
      requested that Bank make available to it a revolving line of credit (the “Line
      of Credit”) in the maximum amount of up to One Million, Five Hundred Thousand
      and 00/100 ($1,500,000.00) Dollars for its general working capital purposes.
      Loans and other advances of credit under the Line of Credit are hereinafter
      referred to as “Revolving Loans” or alternatively as the “Loans”. Bank has
      agreed to provide Borrower with the Loans on the terms and conditions set forth
      herein, including but not limited to, the conditions precedent set forth in
      Section 4 hereof; provided that Bank shall not be obligated to make any
      Revolving Loans or Letters of Credit at any time that there is a default or
      Event of Default hereunder or under any of the other Loan
      Documents.

    

    (a) THE
      LINE
      OF CREDIT. Subject to all of the terms and conditions set forth in this
      Agreement, Bank hereby establishes the Line of Credit in Borrower’s favor
      pursuant to which Bank shall, in its sole discretion, on Borrower’s request from
      time to time made after the date hereof until June 1, 2007 (the “Expiration
      Date”) for repayment by Bank, make Revolving Loans to Borrower in an aggregate
      amount up to the lesser of (i) the Borrowing Base, or (ii) the Credit Limit.
      The
      Line of Credit shall be evidenced by the Revolving Note. All Revolving Loans,
      including, without limitation, any and all principal, accrued interest,. late
      charges and other costs and expenses incurred in connection with the
      administration and collection of the Loan, shall be due and payable on the
      Expiration Date. Bank shall have no obligation to make any Loan available to
      Borrower after the occurrence of a Default or an Event of Default hereunder
      (unless the same has been waived or cured to the satisfaction of Bank). Borrower
      acknowledges that all Revolving Loans are secured by the Collateral and
      constitute Obligations, whether or not evidenced by promissory notes and, by
      reference to this Agreement, the face amount of any promissory note evidencing
      a
      Revolving Loan shall be deemed to have been automatically amended to conform
      with any changes to the Credit Limit. Payments (and prepayments) of principal
      in
      full or in part may be made at any time and from time to time without premium
      or
      penalty, and shall be made on the Revolving Loans from time to time in
      accordance with the provisions of this Agreement. Payments of interest
      calculated on the outstanding balance of the Revolving Loans, shall be due
      and
      payable at the rate set forth herein, commencing one month following the date
      of
      advance of the first Revolving Loan to Borrower and on the like day of each
      month thereafter. Borrower shall pay to Bank an amount equal to three percent
      (3.0%) of the amount of any payment not made within ten (10) days when due
      hereunder. All Revolving Loans shall bear interest, calculated on the basis
      of
      actual days elapsed and a 360-day year and payable monthly in arrears on the
      first business day of each month, at a fluctuating per annum rate of interest
      equal to the Prime Rate. The effective interest rate applicable to Borrower’s
      Loans shall change on the date of each change in the Prime Rate.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (b) PAYMENTS.
      Any payments on the Note, whether such payment is of a regular installment
      or
      represents a prepayment (if permitted hereunder), shall be made in coin and
      currency of the United States of America which is legal tender for the payment
      of public and private debts, in immediately available funds, to Lender at the
      address set forth in this Agreement or at such other address as Lender may
      from
      time to time designate in writing.

    

    (c) PREPAYMENT.
      Borrower shall have the right to prepay the Revolving Loan in whole or in part
      at any time.

    

    (d) ORIGINATION
      FEE. None.

    

    (e) PLACE
      OF
      PAYMENT. Principal and interest on all Loans shall be payable at Bank’s office
      in Boston in lawful money of the United States of America without set-off,
      deduction or counterclaim. Borrower authorizes Bank to charge its deposit
      account(s) or its loan account with Bank for all payments
      hereunder.

    

    3. CERTAIN
      DEFINITIONS. Capitalized terms used herein shall have the meanings set forth
      below or elsewhere in this Agreement, or if not defined herein, shall have
      the
      meanings ascribed to them in the Revolving Note or the other Loan Documents,
      and
      if not defined therein, shall have the meanings ascribed in the Uniform
      Commercial Code, except that accounting and financial terms not otherwise
      defined herein shall have the meanings ascribed to them in accordance with
      GAAP.

    

    “Accounts
      Receivable”
means
      all Borrower’s accounts, accounts receivable, rental and lease payments
      receivable, contract rights, notes, bills, drafts, acceptances, instruments,
      documents, chattel paper and all other debts, obligations and liabilities in
      whatever form owing to Borrower from any Person (as defined below) for goods
      sold by it or for services rendered by it, or however otherwise established
      or
      created, all guaranties and security therefor, all right, title and interest
      of
      Borrower in the goods or services which gave rise thereto, including rights
      to
      reclamation and stoppage in transit and all rights of an unpaid seller of goods
      or services; whether any of the foregoing be now existing or hereafter arising,
      now or hereafter received by or owing or belonging to Borrower.

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    “Board”
means
      the Board of Governors of the Federal Reserve System of the United
      States.

    

    “Borrowing
      Base”
means
      the sum of the following: (i) Eighty (80.0%) percent of the . unpaid face amount
      of Qualified Accounts (as defined below) or such other percentage thereof as
      may
      from time to time be fixed by Bank upon notice to Borrower, if Bank determines
      in its reasonable judgment that there has been a change in circumstances
      relating to any or all Accounts from those circumstances in existence on or
      prior to the date hereof, PLUS (ii) the lesser of (1) Forty (40.0%) percent
      of
      the cost or market value, whichever is lower, of all Eligible Inventory (as
      defined below) consisting of work-in-process, or (2) $500,000.00, PLUS (iii)
      the
      lesser of (1) Fifty (50.0%) percent of the cost or market value, whichever
      is
      lower, of all Eligible Inventory (as defined below) consisting of finished
      goods, or (2) $50,000.00, MINUS (iv) the Inventory Reserve, MINUS (v) one
      hundred (100.0%) percent of the aggregate amount then undrawn on all Letters
      of
      Credit and acceptances issued pursuant to this Agreement for the account of
      Borrower; but in no event shall the sum of all loans plus the sum of the
      aggregate amount undrawn on all Letters of Credit and acceptances be in excess
      of the Credit Limit.

    

    “Cash
      Flow”
means,
      for any period, (i) Borrower’s combined EBITDA, minus (ii) the sum of Borrower’s
      combined cash taxes paid, unfinanced capital expenditures, dividends and
      distributions and loans to shareholders and members.

    

    “Capital
      Expenditures”
shall
      have the meaning ascribed to it in accordance with GAAP.

    

    “Collateral”
means
      all Accounts Receivable, inventory, Equipment and Related Collateral and all
      other property of Borrower, now owned or hereafter acquired, in which Bank
      is
      granted a Lien hereunder, or which is designated as Collateral or in which
      Bank
      is granted a Lien to secure any of the Obligations hereunder, or pursuant to
      an
      agreement supplemental hereto or otherwise (whether or not such agreement makes
      reference to this Agreement or obligations of Borrower hereunder).

    

    “Debt
      Service Coverage”
means,
      for any period, the ratio of Borrower’s Cash Flow to the sum of Borrower’s
      combined principal and interest payments on account of borrowed money for such
      period.

    

    “Default”
means
      the occurrence of any event or circumstance that with the passage of time or
      giving of notice or both would constitute an Event of Default, as defined
      herein.

    

    “EBITDA”
means,
      for any period, Borrower’s combined earnings before interest, taxes,
      depreciation and amortization for such period.

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    “Eligible
      Inventory’’
means
      Borrower’s raw materials, work-in-process and finished goods (but excluding:
      packaging materials and any work-in-process and finished goods inventory not
      built in connection with a firm customer order) which are initially and at
      all
      times until sold: new and unused (except, with Bank’s written approval, used
      equipment held for sale or lease), in first-class condition, merchantable and
      saleable through normal trade channels; at a location which has been identified
      in writing to Bank; subject to a perfected first priority security interest
      in
      favor of Bank; owned by Borrower free and clear of any lien except in favor
      of
      Bank; not obsolete; not scrap, waste, defective goods and the like; have been
      produced by Borrower in accordance with the Federal Fair Labor Standards Act
      of
      1938, as amended, and all rules, regulations and orders promulgated thereunder;
      not stored with a bailee, warehouseman or similar party unless Bank has given
      its prior written consent thereto; not perishable or alive; and have not been
      designated by Bank, in accordance with its normal credit policies, as
      unacceptable for any reason by notice to Borrower.

    

    “Equipment”
means
      Borrower’s machinery, equipment, furnishings, fixtures and other goods (as
      defined in Article 9 of the Uniform Commercial Code) whether now owned or
      thereafter acquired by Borrower and wherever located, all replacements and
      substitutions therefor or accessions thereto and all proceeds thereof, and
      including, also without limitation, all proceeds of fire or other insurance
      covering the aforesaid property;

    

    “ERISA”
means
      the Employee Retirement Income Security Act of 1974, as amended. “Plan” means
      any employee plan subject to provisions of Title IV of ERISA maintained for
      employees of Borrower, any subsidiary of Borrower or any other trade or business
      under common control with Borrower within the meaning of Section 414(c) of
      the
      Internal Revenue Code or the regulations thereunder.

    

    “GAAP”
means
      generally accepted accounting principles applied consistently in each
      instance.

    

    “Indebtedness”
means,
      with respect to any Person: (i) all indebtedness for borrowed money or for
      the
      deferred purchase price of property or services, and all obligations under
      leases which are or should be, under generally accepted accounting principles,
      recorded as capital leases, in respect of which such Person is directly or
      contingently liable as obligor, guarantor, endorser or otherwise, or in respect
      of which such Person otherwise assures a creditor against loss, (ii) all
      indebtedness for-borrowed money or for the deferred purchase price of property
      or services secured by (or for which the holder has an existing right,
      contingent or otherwise, to be secured by) any Lien upon property (including
      without limitation accounts receivable and contract rights) owned by such
      Person, whether or not such Person has assumed or become liable for the payment
      thereof, and (iii) all other liabilities or obligations which would, in
      accordance with GAAP, be classified as liabilities of such Person.

    

    “Inventory”
means
      all inventory of whatever name, nature, kind or description, all goods held
      for
      sale or lease or to be furnished under contracts of service, finished goods,
      work in process, raw materials, materials used or consumed by Borrower, parts,
      supplies, all wrapping, packaging, advertising, labeling, and shipping
      materials, devices, names and marks, all contracts rights and documents relating
      to any of the foregoing, whether any of the foregoing be now existing or
      hereafter arising, wherever located, now owned or hereafter acquired by
      Borrower.

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    “Inventory
      Reserve”
means
      a
      reserve for slow-moving Inventory which shall be in the initial amount of
      $1,100,000.00, or such other amount as Bank may determine from time to time
      in
      accordance with its customary credit procedures and policies.

    

    “Legal
      Requirement”
means
      any requirement imposed upon Bank by any law of the United States of America
      or
      the United Kingdom or by any regulation, order, interpretation, ruling or
      official directive (whether or not having the force of law) of the Board, Bank
      of England, or any other board, central bank or governmental or administrative
      agency, institution or authority of the United States of America, the United
      Kingdom or any political subdivision of either thereof.

    

    “Lien”
means
      any mortgage, pledge, assignment, lien, charge, encumbrance or security interest
      of any kind whatsoever, or the interest of a vendor or lessor under a
      conditional sale, title retention or capital lease agreement.

    

    “Loan
      Documents”
means
      this Agreement, the Revolving Note and all other documents executed in
      connection with this Agreement.

    

    “Obligations”
means
      all loans, advances, debts, liabilities, obligations (including without
      limitation for reimbursement in connection with guaranties and letters of
      credit), agreements, undertakings, covenants and duties owing or to be performed
      or observed by Borrower to or in favor of Bank, of every kind and description
      (whether or not: evidenced by any note or other instrument; for the payment
      or
      money; arising out of this Agreement or any other agreement between Bank and
      Borrower, or any other instrument of Borrower in favor of Bank; arising out
      of
      or relating or similar to transactions described herein; or contemplated as
      of
      the date hereof), direct or indirect, absolute or contingent, due or to become
      due, now existing or hereafter arising, including without limitation all
      interest, fees, charges, and amounts chargeable to Borrower under Section 14;
      “Obligations” includes any swap transaction or other interest rate protection
      transaction involving Bank and Borrower.

    

    “PBGC”
means
      the Pension Benefit Guaranty Corporation.

    

    “Permitted
      Distribution”
means
      any distribution or payment by Borrower with respect to its equity capital
      or
      subordinated indebtedness which has been approved in advance by B. Permitted
      Distributions shall include up to $170,000.00 in fiscal 2006 and up to
      $60,000.00 in each fiscal year thereafter in aggregate dividends and
      distributions to Power Designs, Inc. and Integrated Power Systems for payment
      of
      state and federal income taxes, and provided Borrower is otherwise not in
      default of this Agreement and would not thereby be put in default of this
      Agreement, for payment of filing fees and other operating expenses.

    

    “Permitted
      Indebtedness”
means
      (i) Indebtedness of Borrower to Bank, (ii) Indebtedness subordinated in right
      of
      repayment to Indebtedness of Borrower to Bank on terms acceptable to Bank,
      (iii)
      trade Indebtedness, customer deposits and other unsecured liabilities, not
      including borrowed money, incurred in accordance with Borrower’s historical
      practices for goods and services provided to Borrower in the ordinary course
      of
      Borrower’s business, (iv) Indebtedness for tax payments in the ordinary course,
      and accrued payroll items and Indebtedness due to shareholders and members
      in
      amounts not in excess of amounts due to such Persons on the date of this
      Agreement, and (v) Indebtedness secured by Permitted Liens.

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    “Permitted
      Liens”
means
      (i) landlord’s, carriers’, warehousemen’s, mechanics and other similar Liens
      arising by operation of law in the ordinary course of Borrower’s business and
      Liens arising by operation of law for taxes not yet due and payable; (ii) Liens
      arising out of pledges or deposits under workmen’s compensation, unemployment
      insurance, old age pension, social security, retirement benefits or other
      similar legislation; and (iii) purchase money Liens (including without
      limitation in connection with capital leases) arising in the ordinary course
      of
      business (so long as the Indebtedness secured thereby does not exceed the lesser
      of the cost or fair market value of the property subject thereto and such Lien
      extends to no other property and the amount of Indebtedness secured by such
      Liens does not exceed $10,000.00 at any time outstanding).

    

    “Person”
means
      any individual, partnership, firm, association, business enterprise, trust,
      estate, company, joint venture, governmental authority, corporation or other
      entity.

    

    “Prime
      Rate”
means
      the rate per annum from time to time announced by Bank in Boston . as its Prime
      Rate, it being understood that such rate is a reference rate, not necessarily
      the lowest, established from time to time which serves as the basis upon which
      effective interest rates are calculated for loans making reference
      thereto.

    

    “Qualified
      Account(s)”
means
      an Account owing to Borrower which met the following specifications at the
      time
      it came into existence and continues to meet the same until it is collected
      in
      full: (i) the Account is not more than ninety (90) days from the date of the
      invoice thereof, (ii) the Account arose from the performance of services or
      an
      outright sale of goods by Borrower, such goods have been shipped to the account
      debtor, and Borrower has possession of, or has delivered to Bank, shipping
      and
      delivery receipts evidencing such shipment, (iii) the Account is not subject
      to
      any prior assignment, claim, lien, or security interest, and Borrower will
      not
      make any further assignment thereof or create any further security interest
      therein, nor permit Borrower’s rights therein to be reached by attachment, levy,
      garnishment or other judicial process, and the Account is not subject to any
      bond or bonding claim, (iv) the Account is not subject to set-off, credit,
      allowance or adjustment by the account debtor, except discount allowed. for
      prompt payment and the account debtor has not complained as to his liability
      thereon and has not returned any of the goods from the sale of which the Account
      arose, (v) the Account arose in the ordinary course of Borrower’s business and
      did not arise from the performance of services or a sale of goods to a supplier
      or employee of Borrower, (vi) no notice of bankruptcy or insolvency of the
      account debtor has been received by or is known to Borrower, (vii) the Account
      is not owed by an account debtor whose principal place of business is outside
      the United States of America, (viii) the Account is not owed by an entity which
      is a parent, brother/sister, subsidiary or affiliate of Borrower, (ix) the
      account debtor is not located in the State of New Jersey or in the State of
      Minnesota (or any other state that requires an entity to file a business
      activity report or similar document in order to bring suit or otherwise enforce
      its remedies against an account debtor in the courts or through any judicial
      process of such state), unless (1) Borrower has filed and shall file all legally
      required Notice of Business Activities Reports with the New Jersey Division
      of
      Taxation or the Minnesota Department of Revenue, as the case may be; or (2)
      Borrower is exempt from such filing requirement (x) the Account is not evidenced
      by a promissory note, (xi) the Account did not arise out of any sale made on
      a
      bill and hold, dating or delayed shipment basis (unless pursuant to a written
      agreement pursuant to which payment -liability of the-account debtor is
      definitely established-to Bank’s satisfaction), (xii) the Account does not arise
      out of a progress billing prior to completion of the order therefor (unless
      pursuant to a written agreement pursuant to which payment liability of the
      account debtor is definitely established to Bank’s satisfaction), (xiii) the
      Account is not owing from the United States of America or any agency or
      department thereof unless Borrower has complied with the Assignment of
      government Claims Act with respect thereto, and (xiv) Bank, in accordance with
      its normal credit policies, has not deemed the Account to be unacceptable for
      any reason.

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    PROVIDED
      THAT if at any time Fifty (50.0%) percent or more of the aggregate amount of
      the
      Accounts due from any account debtor are unpaid in whole or in part more than
      ninety (90) days from the respective dates of invoice, from and after such
      time
      none of the Accounts (then existing or hereafter arising) due from such account
      debtor shall be deemed to be Qualified Accounts until such time as less than
      Fifty (50.0%) percent of the aggregate amount of the Accounts due from such
      account debtor are, as a result of actual payments thereon, unpaid in whole
      or
      in part more than ninety (90) days from the respective dates of invoice.
      Accounts payable by Borrower to an account debtor shall be netted against
      Accounts due from such account debtor and the difference (if positive) shall
      constitute Qualified Accounts from such account debtor for purposes of
      determining the Borrowing Base (notwithstanding paragraph (d) above);
      characterization of any Account due from an account debtor as a Qualified
      Account shall not be deemed a determination by Bank as to its actual value
      nor
      in any way obligate Bank to accept any Account subsequently arising from such
      account debtor to be, or to continue to deem such Account to be, a Qualified
      Account; it is Borrower’s responsibility to determine the creditworthiness of
      account debtors and all risks concerning the same and collection of Accounts
      are
      with Borrower; and all Accounts whether or not Qualified Accounts constitute
      Collateral:

    

    “Related
      Collateral”
means
      all Borrower’s general intangibles; trade names, marks and secrets; patents,
      trademarks, copyrights and other intellectual property; customer lists;
      goodwill; cash; deposit accounts; tax refunds, claims under insurance policies
      (whether or not proceeds of other Collateral); securities, securities
      entitlements, financial assets and investment property; rights of setoff; rights
      under judgments; tort claims and choses in action; computer programs and
      software; books and records, (including without limitation all electronically
      recorded data); contract rights; and all contracts and agreements to or of
      which
      it is a party or beneficiary, whether any of the foregoing be now existing
      or
      hereafter arising, now or hereafter received by or belonging to
      Borrower.

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    “Reportable
      Event”
means
      any reportable event as defined in ERISA.

    

    “Revolving
      Note”
means
      a
      certain Revolving Line of Credit Note of even date herewith in the original
      face
      amount of $1,500,000.00 executed in connection with the Revolving
      Loan.

    

    “Senior
      Indebtedness”
means
      all Indebtedness other than Subordinated Indebtedness.

    

    “Statutory
      Reserves”
means
      a
      fraction (expressed as a decimal), the numerator of which is the number one
      and
      the denominator of which is the number one minus the aggregate of the maximum
      reserve percentages (including, without limitation, any marginal, special,
      emergency or supplemental reserves), expressed as a decimal established by
      the
      Board and any other banking authority to which any bank is subject for
      Eurocurrency Liabilities (as defined in Regulation D of the Board). Such reserve
      percentages may include, without limitation, those imposed under such Regulation
      D. This Loan may be deemed to constitute a Eurocurrency Liability and as such
      may be deemed to be subject to such reserve requirements without benefit of
      or
      credit for proration, exceptions or offsets which may be available from time
      to
      time to Bank under such Regulation D. Statutory Reserves shall be adjusted
      automatically on and as of the effective date of any change in any reserve
      percentage.

    

    “Subordinated
      Indebtedness”
means
      all Indebtedness which has been subordinated to the Obligations on terms and
      conditions acceptable to Bank.

    

    “Tangible
      Net Worth”
means
      Borrower’s stockholders’ and members’ equity minus intangible assets and amounts
      due from related Persons.

    

    “Tangible
      Capital Base”
means,
      at any time Borrower’s combined Tangible Net Worth plus combined outstanding
      Subordinated Indebtedness at such time.

    

    “Tax”
means
      any tax, levy, impost, duty deduction, withholding or other charges of whatever
      nature as may be required by any Legal Requirement (i) to be paid by Bank and/or
      (ii) to be withheld or deducted from any payment otherwise as may be required
      hereby to be made by Borrower to Bank, provided that the term “Tax” shall
      not include any taxes imposed upon the net income of any lender by the United
      State of America or any political subdivision thereof.

    

    4. CONDITIONS
      PRECEDENT TO THE LOANS. The financing arrangements described in this Agreement
      shall not be effective and Bank will have no obligation to make any Revolving
      Loan until satisfaction by Borrower and/or waiver in writing by Bank of the
      following conditions precedent:

    

    (a) Borrower
      shall have executed and delivered this Agreement and all other Loan Documents
      to
      be executed in connection with this Agreement.

    

    (b) Borrower
      shall have executed and delivered to Bank the Revolving Note.

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    (c) Borrower
      shall have provided Bank with evidence reasonably satisfactory to Bank of the
      proper authorization of the financing transactions and approval of the financing
      arrangements with Bank.

    

    (d) Borrower
      shall have satisfied the requirements of this Agreement with respect to
      maintenance of appropriate insurance coverage.

    

    (e) In
      connection with the initial advance hereunder, Borrower shall have provided
      Bank
      with an Officer’s Certificate in form acceptable to Bank confirming that all
      conditions precedent to the funding of the Loans have been satisfied and that
      all of the representations and warranties in this Agreement continue to be
      true,
      correct and complete, and Borrower shall have provided Bank with all of the
      Compliance Certificates required by Bank hereunder through the date of such
      request for a Revolving Loan.

    

    (f) Subordinated
      Lender shall have entered into an Intercreditor Agreement with Bank on terms
      and
      conditions acceptable to Bank.

    

    (g) Borrower
      shall have paid in full all existing secured indebtedness (other than
      Subordinated Indebtedness) and each existing secured lender shall have
      terminated, or authorized Bank or Borrower to terminate any applicable financing
      statements.

    

    (h) Borrower
      shall have delivered the opinion of its counsel as to good standing of each
      entity comprising Borrower, authorization of the Loan Documents, and of the
      Persons executing Loan documents on behalf of Borrower and as to enforceability
      of the Loan Documents in accordance with their respective terms.

    

    (i) Borrower
      shall have provided Bank with a signed landlord consent for each business
      location of Borrower in form and content acceptable to Bank.

    

    5. REPRESENTATIONS
      AND WARRANTIES. Borrower represents and warrants (and at the time of each Loan
      hereunder shall be deemed to represent and war ant) to Bank that, except for
      events, actions or occurrences after the date of this Agreement which are
      permitted under this Agreement:

    

    (a) Borrower
      is a limited liability company duly organized and validly existing in good
      standing under the laws of the State of Delaware and is duly qualified to do
      business and is in good standing in every other state in which such
      qualification may be necessary by reason of the nature or location of Borrower’s
      assets or operations, except where the failure to so qualify would not
      materially adversely affect Borrower’s business or financial
      condition;

    

    (b) Borrower’s
      exact legal name is Technipower LLC and it has not operated under any name
      or
      used any other trade name except as disclosed to Bank in writing by
      Borrower;

    

    (c) The
      execution, delivery and performance hereof are within Borrower’s company powers,
      have been duly authorized by all necessary company action, require no action
      by
      or in respect of, or filing (except for financing statements to be filed in
      connection with this Agreement) with, any governmental authority, and do not
      contravene or constitute a default under any provision of applicable law or
      regulation or of the charter, by-laws or other constituent documents of Borrower
      or of any judgment, order, decree, injunction or material agreement, except
      as
      to which required waivers or consents have been received, or by which it or
      any
      of its properties may be bound, or result in creation or imposition of any
      Lien
      on any of its assets except in favor of Bank;

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    (d) This
      Agreement has been duly executed and delivered by and constitutes a valid and
      binding agreement of Borrower, enforceable against it in accordance with its
      terms, except as enforceability may be limited by (i) bankruptcy, insolvency
      or
      other similar law affecting creditors’ rights generally, or (ii) laws relating
      to the availability of specific performance, injunctive relief or other
      equitable remedies;

    

    (e) Borrower’s
      projections which have been provided to Bank have been prepared by Borrower
      based upon the historical operations of Borrower and upon financial and business
      assumptions which Borrower in good faith believes are reasonable and in
      accordance with sound accounting practices; since the date of the projections,
      there has occurred no material adverse change in the assumptions underlying
      the
      projections or otherwise which would make the projections inaccurate or
      misleading in any material manner;

    

    (f) Borrower’s
      financial statements which have been delivered to Bank up to the date of this
      Agreement and all financial statements which shall be from time to time
      furnished to Bank have been prepared in accordance with GAAP applied on a basis
      consistent with that of prior financial periods and are true and correct and
      fairly present in all material respects its financial position on a basis as
      at
      the close of business on the date(s) thereof and the results of its operations
      during the period(s) covered thereby, except in the case of unaudited financial
      statements where certain information and footnote disclosures normally contained
      in financial statements prepared in accordance with GAAP have been omitted
      and
      where year-end adjustments may be necessary. Borrower has no liabilities,
      contingent or otherwise which are not disclosed in said statements or the notes
      thereto other than ordinary course liabilities not required to be disclosed
      herein, which could be expected to have a material adverse effect on Borrower,
      its business or its financial condition. Since the date of the most current
      financial statements provided to Bank, there has occurred no material adverse
      change in Borrower’s financial condition or business;

    

    (g) Borrower
      owns, or at the closing shall own, all of the assets reflected in the financial
      statements provided to Bank and such assets together with any assets acquired
      since such date, including without limitation the Collateral, are subject to
      no
      Liens except Permitted Liens;

    

    (h) Borrower’s
      charter documents have been duly filed and are in proper order. All capital
      stock and/or membership interests issued by it and outstanding has been duly
      issued and is fully paid and non-assessable. All its books and records are
      accurate and updated in all material respects;

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    (i) Borrower
      has made or filed all tax returns, reports and declarations relating to any
      material tax liability required by any jurisdiction to which they are subject;
      have paid all taxes shown or determined to be due thereon through the date
      of
      this Agreement; and Borrower shall make adequate provision for the payment
      of
      all taxes and preparation and filing of all tax returns in respect of subsequent
      periods;

    

    (j) Borrower
      is (i) subject to no charter or other legal restriction, or any judgment, award,
      decree, order, governmental rule or regulation or contractual restriction which
      could have a material adverse effect on its financial condition, business or
      prospects, and (ii) Borrower is in compliance with its charter documents, all
      material contracts by which it or any of its properties are, or may be bound
      and
      all applicable laws, rules and regulations (including without limitation those
      relating to environmental protection) other than laws, rules and regulations,
      the validity or applicability of which it is contesting in good faith or
      provisions of any of the foregoing the failure to comply with which cannot
      reasonably be expected to materially adversely affect its financial condition,
      business or prospects or the value of the Collateral;

    

    (k) There
      is
      no action, suit, proceeding or investigation pending or, to its knowledge,
      threatened against or affecting Borrower, or any of their assets before or
      by
      any court or other governmental authority which, if determined adversely to
      Borrower, would have a material adverse effect on its financial condition,
      business or prospects or the value, title or extent of any Collateral,
      considered as a whole;

    

    (l) Borrower
      is in compliance with ERISA in all material respects; Borrower maintains no
      defined benefit plans which would give rise to any unfunded vested
      liability;

    

    (m) Borrower’s
      principal executive office and the office where it keeps its records concerning
      the Collateral is 14 Commerce Drive, Danbury, CT, and all of its tangible
      Collateral is stored at that location;

    

    (n) Borrower’s
      Inventory is (and has been since the date of this Agreement) valued at the
      lower
      of its cost or market value (i) for annual financial reporting purposes, on
      the
      basis of first in first out consistent with the basis applied for prior
      financial periods, and (ii) for purposes of interim financial reporting, on
      the
      basis of first in first out (adjusted to reflect the interim character of the
      information reported);

    

    (o) Borrower
      represents and warrants that it has disclosed to Bank its current credit and
      refund policies, and that it does now and will continue to apply such policies
      consistently in the conduct of its business and agrees that it shall provide
      Bank with prior written notice of any change in such policy or its
      implementation; and

    

    (p) After
      giving effect to the transactions contemplated hereby, the aggregate value
      of
      all assets and properties of Borrower, at a fair valuation, will be greater
      than
      the total amount of its liability on claims, and the aggregate present fair
      salable value of its assets will be greater than the amount that will be
      required to pay its probable liability on its existing debts as they become
      absolute and mature; Borrower has (and has no reason to believe they will not
      have) sufficient capital for the conduct of its businesses; Borrower does not
      intend to incur and does not believe it has incurred, debts beyond its ability
      to pay as they mature.

    

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    6. BORROWER'S
      REPORTS AND NOTICES. Borrower will deliver to Bank the financial statements,
      reports and other information set forth below.

    

    (a) within
      thirty (30) days after the close of each of the first eleven fiscal months
      of
      each fiscal year of Borrower, Borrower will deliver to Bank a full and complete
      signed copy of a report or reports on a management-prepared basis and certified
      by Borrower’s Manager to fairly present Borrower’s combined financial condition
      at the end of such period and the results of its operations during such period,
      which shall include a combined balance sheet of Borrower as at the end of such
      month and combined statement of profit and loss of Borrower reflecting the
      results of its operations during such month, together with any supporting
      materials relating thereto;

    

    (b) annually,
      as soon as available but in any event within ninety (90) days after the close
      of
      each fiscal year of Borrower, Borrower will deliver to Bank financial statements
      audited by a certified public accounting firm acceptable to Bank in its
      reasonable discretion on a consolidated and consolidating basis for Borrower
      and
      copies of the federal income tax returns with all schedules attached for
      Borrower together with a no material adverse change affidavit;

    

    (c) annually,
      as soon as available but in any event within sixty (60) days after the close
      of
      each fiscal year of Borrower, Borrower will deliver to Bank management-prepared
      projections on a combined basis for Borrower for the following fiscal year
      including monthly pro forma balance sheets, monthly and cumulative statements
      of
      income and expense and projected statement of cash flow;

    

    (d) within
      thirty (30) days after the close of each fiscal quarter of each fiscal year
      of
      Borrower, a Compliance Certificate in form acceptable to Bank;

    

    (e) within
      thirty (30) days after the close of each fiscal month of Borrower, a Borrowing
      Base Certificate in form acceptable to Bank;

    

    (f) promptly,
      such other information concerning Borrower, the Collateral, the operation of
      Borrower’s businesses or its financial condition and copies of such governmental
      filings and other documentation as Bank may from time to time
      request;

    

    (g) immediately,
      notice of:

    

    (i) any
      default under this Agreement or under any of the Loan Documents;

    

    (ii) any
      change of its key officers, managers and employees, change of location of its
      principal offices, change of Borrower’s name or business structure, any sale or
      purchase out of the ordinary course of Borrower’s business and any other
      material change in the business or financial affairs of Borrower or any change
      in the legal status of Borrower;

    

    
      
        
        

      

      
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    (iii) the
      institution or commencement of any action, suit, proceeding or investigation
      against or affecting Borrower or any of its assets which, if determined
      adversely to Borrower, could have a material adverse effect on the financial
      condition, business or prospects of Borrower or the value, title or extent
      of
      the Collateral, considered as a whole;

    

    (iv) any
      judgment, award, decree, order or determination relating thereto;

    

    (v) the
      imposition or creation of any Lien, other than Permitted Liens against any
      asset
      of Borrower except in favor of Bank;

    

    (vi) any
      Reportable Event, together with a statement of Borrower’s Manager as to the
      details thereof and a copy of any notice thereof to the PBGC;

    

    (vii) any
      known
      release or threat of release of hazardous or toxic chemicals, materials or
      oil
      from any site owned or operated by Borrower or the incurrence of any expense
      or
      loss in connection therewith or upon Borrower’s obtaining knowledge of any
      investigation, action or the incurrence of any expense or loss by any
      governmental authority in connection with the containment or removal of any
      hazardous or toxic chemical, material or oil for which expense or loss Borrower
      may be liable or potentially responsible;

    

    (viii) any
      material loss or destruction of Collateral or other assets whether or not
      covered by insurance; and

    

    (ix) any
      dispute with respect to or acceleration of Indebtedness.

    

    (h) immediately
      after receipt or filing, a copy of (i) any notice Borrower may receive from
      the
      PBGC relating to the PBGC’s intention to terminate or appoint a trustee to
      administer any Plan and (ii) any report or notice relating to any Reportable
      Event which Borrower may file under ERISA with the PBGC, the Internal Revenue
      Service or the United States Department of Labor; and

    

    (i) if
      requested by Bank, within five (5) days after the accrual in accordance with
      applicable law of Borrower’s obligation to make deposits for FICA and
      withholding taxes, evidence satisfactory to Bank that such deposits have been
      made as required.

    

    7. BANK’S
      REPORTS. After the end of each month, Bank will render to Borrower a statement
      of Borrower’s an accounts with Bank hereunder showing all applicable credits and
      debits. Absent manifest error, each such statement shall be considered to be
      correct and to have been accepted by Borrower and shall be presumptively binding
      upon Borrower in respect of all charges, debits and credits of whatsoever nature
      contained therein under this Agreement, and the closing balance shown therein,
      unless Borrower notifies Bank in writing of any discrepancy within sixty (60)
      days from the date of any such statement.

    

    
      
        
        

      

      
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    8. BORROWER’S
      AFFIRMATIVE COVENANTS. Borrower will, and will cause each of its subsidiaries,
      if any) to:

    

    (a) maintain
      property and liability insurance with responsible insurance companies (and
      with
      deductibles) reasonably satisfactory to Bank in such amounts and covering such
      risks as is usually carried by companies engaged in similar businesses and
      owning similar properties in the same general areas as Borrower
      operates;

    

    (b) maintain
      insurance naming Bank as loss payee with responsible insurance companies (and
      with deductibles) reasonably satisfactory to Bank covering Borrower’s Inventory,
      Equipment and other insurable Related Collateral, in such amounts as is usually
      carried by companies engaged in similar businesses and in any event not less
      than Bank may from time to time reasonably require, and deliver to Bank copies
      of such insurance policies (and all renewals thereof) together with lender’s
      loss payable endorsements naming Bank as secured party, executed by the
      insurer(s) such policies to provide that coverage may not be decreased or
      terminated without prior notice to Bank;

    

    (c) maintain
      its existence in good standing, and its qualification to do business in good
      standing in every state in which such qualification may be necessary by reason
      of the nature or location of its assets or operations, and comply with its
      charter documents, all contractual requirements by which it or any of its
      properties may be bound and all applicable laws, rules and regulations
      (including without limitation ERISA and those relating to environmental
      protection) other than laws, rules or regulations the validity or applicability
      of which Borrower shall contest in good faith or provisions of any of the
      foregoing the failure to comply with which cannot reasonably be expected to
      materially adversely affect the financial condition, business or prospects
      of
      Borrower or the value, title or extent of the Collateral;

    

    (d) continue
      to engage primarily in its present business of manufacturing of power-ready
      supply packs for use in the aerospace and defense industries, and maintain
      and
      preserve all of its properties necessary for the conduct thereof in good working
      order and condition, ordinary wear and tear excepted;

    

    (e) maintain
      all licenses and permits necessary for the conduct of its business, and any
      governmental designations and security clearances necessary for its business
      and
      shall take all reasonable measures to maintain all material customer contracts
      and relationships;

    

    (f) maintain
      current and accurate stock, cost and sales records of its Inventory, accurately
      and sufficiently itemizing and describing the kinds, type and quantities of
      Inventory and the cost and selling prices, all of which records shall be
      continuously available to Bank for inspection;

    

    (g) pay
      and
      discharge all taxes, assessments and governmental charges or levies imposed
      upon
      it or upon its income or property, or upon this Agreement or any notes
      evidencing obligations, including without limitation taxes, assessments, charges
      or levies relating to real and personal property, the Collateral, franchises,
      income, unemployment, old age benefits, withholding, sales or use, prior to
      the
      date on which penalties attach thereto, and all lawful claims (whether or not
      relating to the foregoing), which if unpaid, might give rise to a Lien upon
      any
      property of Borrower, except any of the foregoing which is being contested
      in
      good faith and by appropriate proceedings and for which Borrower has established
      adequate reserves;

    

    
      
        
        

      

      
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    (h) immediately
      deliver to Bank, if so requested, all original copies of any lease or rental
      contracts or other instruments or chattel paper generated in Borrower’s business
      (if any);

    

    (i) within
      90
      days of the date of this Agreement, open a disbursement account with Bank for
      check writing purposes and into which deposits of Loan proceeds may be made
      by
      Bank; and

    

    (j) within
      90
      days of the date of this Agreement, Borrower will deliver to Bank reviewed
      financial statements indicating a net profit for the year ended 2005 of at
      least
      $250,000.00.

    

    9. BORROWER’S
      NEGATIVE COVENANTS. Borrower will not, without the prior written consent of
      Bank
      at any time:

    

    (a) Sell,
      assign, exchange or otherwise dispose of any of the Collateral (other than
      Collateral consisting of (i) scrap, waste, defective goods and the like; (ii)
      obsolete goods, including Inventory and Equipment; (iii) finished goods sold
      or
      leased in the ordinary course of business; and (iv) other personal property
      of
      Borrower, in good faith, arm’s length, transactions in the ordinary and usual
      course of Borrower’s business in accordance with Borrower’s past practices) or
      any interest therein to any other Person;

    

    (b) Create,
      permit to be created or suffer to exist any Lien upon any of the Collateral
      or
      any other property of Borrower, now owned or hereafter acquired, except for
      Permitted Liens;

    

    (c) Pay
      any
      dividends on or make any distribution on account of any class of Borrower’s
      capital stock or equity interests in cash or in property (other than additional
      equity interests and Permitted Distributions); or redeem, purchase or otherwise
      acquire, directly or indirectly, any of such shares or equity interests, other
      than in connection with a Permitted Distribution;

    

    (d) Enter
      into any lease or other transaction with any shareholder, officer or affiliate
      on terms any less favorable than those which might be obtained at the time
      from
      Persons who are not such a shareholder, officer or affiliate;

    

    (e) Make
      any
      loans or advances to any Person other than advances for reimbursable business
      expenses in the ordinary course of business except as set forth
      herein;

    

    (f) Assume,
      guaranty, endorse or otherwise become directly or indirectly liable in respect
      of (including without limitation, by way of agreement, contingent or otherwise,
      to purchase, provide funds to or otherwise invest in a debtor or otherwise
      to
      assure a creditor against loss), any Indebtedness (except guaranties by
      endorsement of instruments for deposit or collection in the ordinary course
      of
      business) of any Person, other than Bank;

    

    
      
        
        

      

      
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    (g) Use
      any
      loan proceeds to purchase or carry any “margin stock” (as defined in Regulation
      U of the Board of Governors of the Federal Reserve System) or invest in or
      purchase any stock or securities of any Person, except readily marketable direct
      obligations of, or obligations guarantied by, the United States of America
      or
      any agency thereof or time deposits with Bank, certificates of deposit issued
      by
      Bank and other investments made available to Borrower through Bank;

    

    (h) Sell,
      transfer or otherwise dispose of any stock or other equity interests of, or
      a
      material portion of the assets of, any subsidiary of Borrower;

    

    (i) Merge
      or
      consolidate with or into any corporation, or enter into any joint venture or
      partnership with any person, firm or corporation; convey, lease or transfer
      or
      otherwise dispose of any substantial part of its assets or business, other
      than
      sales and leases of property in the ordinary course of business (whether in
      one
      or more transactions); provided that Bank shall not unreasonably withhold its
      consent to the merger of Borrower into Solomon Technologies, Inc. on terms
      and
      conditions satisfactory to Bank which are disclosed to Bank prior to such
      merger, and further provided that such merger does not materially and adversely
      affect the financial accommodations contemplated by this Agreement;

    

    (j) Incur
      any
      Indebtedness other than Permitted Indebtedness;

    

    (k) Create
      or
      organize any subsidiary or affiliate corporation or other affiliated business
      entity to which Borrower’s business, property, resources, employees or directly
      related business opportunities are loaned, diverted or otherwise transferred;
      or

    

    (l) Change
      its fiscal year or the method of presentation of its financial
      statements.

    

    10. FINANCIAL
      COVENANTS. It shall be a condition of the Loans that Borrower maintain the
      following financial covenants throughout the term of the Loan:

    

    (a) Debt
      Service Coverage Ratio for Borrower on a combined basis of no less than 1.25
      to
      1.0 to be tested quarterly on a trailing twelve months basis as of each fiscal
      quarter end.

    

    (b) Borrower
      shall not permit the ratio of its Senior Indebtedness to its Tangible Capital
      Base to exceed 1.0 to 1.0 at any fiscal quarter end. 

    

    
      
        
        

      

      
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    11. ADDITIONAL
      COVENANTS AS TO FURTHER SECURITY AND ASSURANCES.

    

    (a) Borrower
      will notify Bank, at least thirty (30) days prior to any such event, of any
      change in Borrower’s exact legal name, any change in its place(s) of business or
      locations(s) of Inventory, Equipment or other Related Collateral as set forth
      in
      Section 5 or Borrower’s establishment of any new place of business or location
      of Inventory, Equipment or other Related Collateral or office where Borrower’s
      records concerning Accounts Receivable and other assets are kept.

    

    (b) At
      Bank’s
      request, Borrower at its expense (i) will promptly and duly execute and deliver
      such documents and assurances and take such actions as may be necessary or
      desirable or as Bank may request in order to correct any defect, error or
      omission which may at any time be discovered or in order to more effectively
      carry out the intent and purpose of this Agreement and to establish, perfect
      and
      protect Bank’s security interest, rights and remedies created or intended to be
      created hereunder and (ii) without limiting the generality of the above, will
      join with Bank in executing financing and continuation statements pursuant
      to
      the Uniform Commercial Code, fixed and floating charges or other notices
      appropriate under applicable Federal, state or applicable foreign law in form
      satisfactory to Bank and filing same in all public offices and jurisdictions
      wherever and whenever requested by Bank.

    

    (c) Bank
      will, at any time after occurrence and during the continuance of an Event of
      Default hereunder have the right to take physical possession of the Collateral
      and to maintain such possession on Borrower’s premises or to remove the
      Collateral or any part thereof to such other places as Bank may desire. If
      Bank
      exercises such right, Borrower shall upon Bank’s request assemble the same and
      make it available to Bank at a place reasonably convenient to Bank. If any
      Inventory or Equipment is in the possession or control of any of Borrower’s
      agents or processors, Borrower shall at Bank’s request at any time whether
      before or after an Event of Default hereunder notify them of Bank’s security
      interest therein and, at Bank’s request, instruct them, after the occurrence and
      during the continuance of an Event of Default, to hold the same for Bank’s
      account and subject to Bank’s instructions.

    

    (d) Borrower
      shall perform any and all further steps requested by Bank to perfect Bank’s
      security interest in Inventory or Equipment, such as leasing warehouses to
      Bank
      or its designee, placing and maintaining signs, appointing custodians,
      maintaining stock records and transferring Inventory to warehouses. A physical
      listing of all Inventory, wherever located, shall be taken by Borrower at least
      annually and whenever requested by Bank.

    

    (e) Bank
      may
      (i) at any time, using its customary practices and procedures, in its own name
      or in the name of others communicate with account debtors in order to verify
      with them to Bank’s satisfaction the existence, amount and terms of any Accounts
      Receivable and the absence of any reductions, discounts, defenses or offsets
      with respect thereto or (ii) after the occurrence and during the continuance
      of
      an Event of Default, notify account debtors that Collateral has been assigned
      to
      Bank and that payments by such debtors shall be made directly to Bank. At Bank’s
      request Borrower will notify any or all such debtors of such assignment, give
      instructions and/or indicate on billings to such debtors that its Accounts
      Receivable shall be paid to Bank and/or supply such debtors with a copy of
      this
      Agreement.

    

    
      
        
        

      

      
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    (f) Bank
      shall, after the occurrence and during the continuance of an Event of Default
      have full power, in its own name or in the name of Borrower, to collect,
      endorse, compromise, settle sell or otherwise deal with any or all of the
      Collateral or proceeds thereof. Borrower hereby makes, constitutes and appoints
      any officer or agent of Bank as Borrower’s true and lawful attorney-in-fact,
      with power of substitution, to endorse the name of Borrower of any of its
      officers or agents upon any notes, checks, drafts, money orders, or other
      instruments of payment (including under any policy of insurance on Collateral)
      or Collateral that may come into possession of Bank in full or part payment
      of
      any amounts owing to Bank; to sign and endorse the name of Borrower or any
      of
      its officers or agents upon any invoice; freight or express bill, bill of
      lading, storage or warehouse receipts, drafts against debtors, assignments,
      verifications and notices in connection with Accounts Receivable, and any
      instruments or documents relating thereto or to Borrower’s rights therein; to
      give written notice to such offices and officials of the United States Postal
      Service to effect such change or changes of address so that all mail addressed
      to Borrower may be delivered directly to Bank; to take any and all other actions
      necessary or appropriate to collect, compromise, settle, sell or otherwise
      deal
      with any or all of the Collateral or proceeds thereof; and to obtain, adjust,
      settle and cancel any insurance referred to herein; hereby granting to each
      said
      attorney-in-fact or his substitute full power to do any and all things necessary
      or appropriate to be done in and about the premises as fully and effectually
      as
      Borrower might or could do, and hereby ratifying all that any said
      attorney-in-fact or his substitute shall lawfully do or cause to be done by
      virtue hereof; provided, however, that except to the extent reasonably necessary
      in connection with Bank’s usual and good faith administration of the Loans, the
      foregoing powers and appointment shall not be exercised until after the
      occurrence and during the continuance of an Event of Default

    

    (g) Borrower
      hereby assigns to Bank all sums, including without limitation return of
      premiums, which may become payable under any policy of insurance on Collateral
      and direct each insurance company issuing any such policy to make payment
      thereof directly to Bank; provided that in the case of insurance proceeds as
      a
      result of a casualty loss, in the absence of a Default or an Event of Default,
      and provided that such proceeds are adequate in Bank’s judgment to repair or
      replace the property damaged, Borrower may use such proceeds to replace or
      restore such property.

    

    (h) If
      any
      Accounts Receivable arise from contracts with the United States or any
      department, agency or instrumentality thereof, Borrower will immediately notify
      Bank thereof and execute any instruments and take any steps requested by Bank
      in
      order that all monies due and to become due thereunder shall be assigned to
      Bank
      and notice thereof given to the Federal authorities under the Federal Assignment
      of Claims Act.

    

    (i) In
      its
      sole discretion, Bank may: (i) if Borrower shall fail to do so, discharge taxes
      and Liens levied or placed on Collateral; (ii) if Borrower shall fail to do
      so,
      pay for insurance thereon or the maintenance and preservation thereof; or (iii)
      if Borrower shall fail to make deposits in respect of FICA and withholding
      taxes
      referred to in Section 5, make such deposits or pay such taxes, in whole or
      in
      part, or set up such reserves as Bank shall in its sole discretion deem
      necessary in respect of Borrower’s liability therefor. Any amount so paid,
      deposited or reserved for shall constitute a loan for all purposes hereunder.
      Nothing herein shall be deemed to obligate Bank to do any of the foregoing
      and
      the making of any one or more such payments, deposits or reserves shall not
      constitute an agreement by Bank to take any further or similar action or a
      waiver of any right of Bank hereunder.

    

    
      
        
        

      

      
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    (j) Borrower
      will at all times keep accurate records of the Collateral and will permit Bank
      or its agents or representatives at any reasonable time during normal business
      hours and (other than during and after occurrence of a Default or an Event
      of
      Default, in which case no notice shall be required) upon reasonable notice
      to
      Borrower, and from time to time to visit Borrower’s places of business, without
      hindrance or delay, to inspect Inventory and examine, check, audit and make
      copies and abstracts from Borrower’s records and books of account (including
      without limitation minutes, and records, journals, orders, receipts and
      correspondence relating to Collateral, account debtors, transactions unrelated
      to Collateral and Borrower’s general financial condition, business and affairs);
      to immediately provide Bank with copies and extracts of information from its
      books and records to remove any of such books and records temporarily for the
      purpose of having copies made, if Borrower fails to immediately provide Bank
      with copies and extracts of information from its books and records; and to
      discuss with any of Borrower’s appropriate directors, officers and employees the
      Collateral and Borrower’s general financial condition, business and affairs. In
      connection with any such audits by Bank or its representatives, Borrower agrees
      to pay Bank its current audit fee, plus travel and other reasonable out of
      pocket expenses.

    

    (k) Borrower
      hereby grants to Bank, for a term commencing on the date hereof and continuing
      so long as any of the obligations remain outstanding, at a rental of $ I.00
      for
      such entire term, the right to the use of all premises or places of business
      which Borrower now or hereafter may have and where any Collateral may be
      located; PROVIDED THAT Bank agrees not to exercise such right except during
      the
      occurrence and continuation of an Event of Default.

    

    (l) Borrower
      hereby grants to Bank for a term to commence on the date of this Agreement
      and
      continuing thereafter until all debts and Obligations of any kind or character
      owed to Bank are fully paid and discharged, a non-exclusive, irrevocable,
      royalty-free (to Borrower and its affiliates) license in connection with Bank’s
      exercise of its rights hereunder, to use, apply or affix any trademark,
      serviceman, tradename, logo or the like and to use any patents, franchises,
      licenses, and goodwill in which Borrower now or hereafter has rights, which
      license may be used by Bank after the occurrence and during the continuance
      of a
      Default or an Event of Default. This license shall be in addition to, and not
      in
      lieu of, the inclusion of all of Borrower’s trademarks, servicemarks,
      tradenames, logos, goodwill, patents, franchises and licenses in the related
      Collateral.

    

    (m) If
      any
      Accounts Receivable are at any time evidenced by promissory notes, trade
      acceptances or other instruments for the payment of money, Borrower will
      immediately deliver the same to Bank appropriately endorsed to Bank’s order and,
      regardless of the form of such endorsement, Borrower hereby waive presentment,
      demand, notice of dishonor, protest, notice of protest and all other notices
      with respect thereto.

    

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    (n) If
      any of
      Borrower’s Inventory is held by any customer on consignment, then Borrower will
      promptly so notify Bank and will protect its (and Bank’s) interest therein by
      filing financing statements against such customer and sending prior notification
      of the consignment to such customer’s secured lenders (if any) and will furnish
      Bank with copies of such filings and notices. Borrower shall assign any such
      financing statements to Bank promptly upon request of Bank.

    

    (o) In
      the
      event of the sale, exchange or disposition of any of the Collateral or any
      interest therein (and no such sale, exchange or other disposition is hereby
      authorized or consented to), Bank’s security interest shall nevertheless
      continue in such Collateral and in all proceeds thereof and the proceeds shall
      be paid over to Bank immediately, and shall be applied at Bank’s option to the
      payment of the Obligations; and Bank’s receipt of any such proceeds shall not be
      deemed or construed to be an authorization of or consent to any such sale,
      exchange or other disposition.

    

    (p) Any
      and
      all deposits or other sums at anytime credited by or due from Bank to Borrower
      shall at all times constitute security for obligations and may be set-off
      against the Obligations at any time whether or not they are then due or other
      security held by Bank is considered by Bank to be adequate. Bank shall be
      entitled to presume, in the absence of clear and specific written notice to
      the
      contrary hereinafter provided by Borrower to Bank that any and all deposits
      maintained by Borrower with Bank are general accounts as to which no person
      or
      entity other than Borrower has any legal or equitable interest whatsoever.
      Any
      and all instruments, documents, policies and certificates of insurance,
      securities, securities entitlements, investment property, chattel paper, cash
      and the proceeds thereof (whether or not the same are Collateral or proceeds
      thereof) owned by Borrower or in which Borrower has an interest, which are
      now
      or hereafter in the control or possession of Bank or its affiliates or any
      third
      person acting on Bank’s behalf, without regard to whether Bank received the same
      in pledge, for safekeeping, as agent for collection or otherwise, shall
      constitute security for the Obligations.

    

    (q) Each
      advance to Borrower hereunder or otherwise shall be made upon the security
      of
      all of the Collateral held and to be held by Bank. It is expressly understood
      and agreed that all of the rights of Bank contained in this Agreement shall
      likewise apply, insofar as applicable, to any modification of or supplement
      to
      this Agreement and to any other agreements between Bank and Borrower. Any
      Default of this Agreement by Borrower beyond any applicable grace or cure
      period, shall constitute, likewise, a default by Borrower and/of any other
      existing agreement with Bank, and any default by Borrower and/of any other
      agreement with Bank beyond any applicable grace or cure period, shall constitute
      an Event of Default hereunder. All Obligations of Borrower to Bank shall, at
      the
      option of Bank, become due and payable when payments become due and payable
      hereunder upon termination of the Agreement for any reason.

    

    
      
        
        

      

      
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    12. EVENTS
      OF
      DEFAULT. If any of the Events of Default set forth below shall occur and be
      continuing, Bank may, but shall not be obligated to make demand for payment
      and
      shall have all of the other rights and remedies set forth in this Agreement
      in
      addition to remedies otherwise available to secured party, at law or in equity,
      provided that all Obligations shall automatically become immediately due and
      payable without demand or notice on occurrence of one of the events described
      in
      12(f) or 12(g):

    

    (a) failure
      by Borrower to pay any amount due under this Agreement or any other Obligation
      when due, giving effect to any applicable grace period;

    

    (b) failure
      by Borrower to perform, discharge, observe or comply with any Obligation other
      than for payment of money or the other events specifically enumerated in this
      Section 12 in accordance with the terms thereof, and continuation of such
      failure for ten (10) days from the earlier of Borrower’s knowledge of such
      failure or Bank’s notice to Borrower of such failure;

    

    (c) any
      representation, warranty or statement of Borrower to Bank heretofore, now or
      hereafter made in connection with any obligation (including without limitation
      any made in any document certificate or reporting provided by Borrower
      hereunder) is found to have been false or misleading in any material respect
      as
      of the time when made;

    

    (d) occurrence
      of any event of default beyond any applicable grace or cure period, under any
      other instrument evidencing or governing Indebtedness of Borrower to Bank (other
      than Obligations) now or hereafter outstanding or any Event of Default under
      any
      obligations of the Subordinated Lender to Bank;

    

    (e) Borrower’s
      liquidation, termination, dissolution or ceasing to carry on actively any
      substantial part of its current business;

    

    (f) commencement
      by Borrower of a voluntary proceeding seeking relief with respect to itself
      or
      its debts under any bankruptcy, insolvency or other similar law, or seeking
      appointment of a trustee, receiver, liquidator or other similar official for
      it
      or any substantial part of its assets; or its consent to any of the foregoing
      in
      an involuntary proceeding against it; or Borrower shall generally not be paying
      its debts as they become due or admit in writing its inability to do so; or
      an
      assignment for the benefit of, or the offering to or entering into by Borrower
      of any composition, extension, reorganization or other agreement or arrangement
      with, its creditors;

    

    (g) commencement
      of an involuntary proceeding against Borrower seeking relief with respect to
      it
      or its debts under any bankruptcy, insolvency or other similar law, or seeking
      appointment of a trustee, receiver, liquidator or other similar official for
      it
      or any substantial part of its assets, which proceeding remains undismissed
      and
      unstayed for sixty (60) days; or entry of an order for relief against Borrower
      in any such proceeding;

    

    (h) service
      upon Bank of a writ naming Bank as trustee for Borrower or of any other similar
      process of attachment;

    

    
      
        
        

      

      
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    (i) entry
      of
      any uninsured judgment or judgments against Borrower in an aggregate amount
      outstanding of $25,000.00 or more at any time;

    

    (j) attachment
      of any Lien or Liens in an aggregate amount outstanding of $25,000.00 or more
      at
      any time, other than Permitted Liens upon material property of Borrower without
      Bank’s prior written consent;

    

    (k) entry
      of
      any court order which enjoins, restrains or in any way prevents Borrower from
      conducting all or any material part of its business;

    

    (l) any
      change of control of Borrower;

    

    (m) any
      loss,
      theft, damage or destruction to or of any material asset(s) of Borrower not
      covered by insurance(above customary deductibles);

    

    (n) reclamation
      or repossession of, or any action by a creditor to reclaim or repossess, any
      material asset(s) of Borrower;

    

    (o) there
      shall occur and be continuing any Reportable Event which
      constitutes grounds for termination of or for appointment by a United
      States district court of a trustee to administer any Plan; the PBGC shall
      institute proceedings to terminate or to appoint a trustee to administer any
      Plan; a United States district court shall appoint a trustee to administer
      any
      Plan; or any Plan shall be terminated in circumstances giving rise to
      liabilities having a material adverse effect on Borrower’s financial
      condition;

    

    (p) the
      occurrence of any of the foregoing events with respect to any guarantor,
      endorser or other surety of any of the Obligations as if such party were
      Borrower; or

    

    (q) termination
      of, failure to make any payment required under or any other default under any
      guaranty of or other instrument or agreement securing any of the Obligations,
      after expiration of any applicable grace or cure periods.

    

    13. BANK’S
      RIGHTS AND REMEDIES AFTER DEFAULT. During the continuance of a Default or an
      Event of Default, Bank may decline to make any or all further Loans hereunder.
      During the continuance of an Event of Default, (i) all Obligations shall become
      immediately due and payable at Bank’s option upon notice to Borrower, except
      that such acceleration shall be automatic and shall not require action or notice
      of any kind after occurrence of a default hereunder described in Section 12(f)
      or 12(g); (ii) Borrower shall be obligated to deliver to Bank cash collateral
      in
      an amount equal to the aggregate amounts then undrawn on any letters of credit
      or outstanding on acceptances (if any) issued by Bank for Borrower’s account;
      (iii) Bank may proceed to enforce payment of any of the foregoing and shall
      have
      and may exercise any and all rights under the Uniform Commercial Code or-which
      are afforded to Bank herein or otherwise; (iv) all Obligations shall bear
      interest payable on demand at the rate per annum three percent (3.0%) in excess
      of the then applicable rates provided in Section 2 (the “Default Rate”); and (v)
      Bank may sell all or any part of the Collateral in one or more public or private
      sales, at such times and prices and upon such terms as Bank deems advisable
      in
      its sole discretion. Any requirement of reasonable notice shall be met if such
      notice is mailed postage prepaid to Borrower at its address set forth herein
      at
      least ten (10) days before the time of sale or other disposition. Bank may
      be
      the Purchaser at any such sale, if it is public, and in such event Bank shall
      have all rights of a good faith, bona fide Purchaser for value from a secured
      party after default. The proceeds of any sale may be applied (in whatever order
      and manner Bank elects in its sole discretion) to all costs and expenses of
      sale
      (including without limitation reasonable attorney’s fees and disbursements) and
      to the payment of Obligations, and any remaining proceeds shall be applied
      in
      accordance with Article 9 of the Uniform Commercial Code. Borrower shall remain
      liable to Bank for any deficiency.

    

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

    14. ATTORNEYS
      FEES, INDEMNIFICATION, ETC.

    

    (a) Borrower
      shall pay to Bank all reasonable counsel fees and other expenses incurred by
      Bank in connection with the preparation of this Agreement, together with all
      reasonable counsel fees and other expenses in connection with the administration
      or amendment of this Agreement, documents relating thereto or modifications
      thereof, and any and all expenses, including, but not limited to, a collection
      charge on all Accounts collected, and all reasonable attorneys’ fees and
      expenses, and all other expenses of like or unlike nature which may be expended
      by Bank to collect the Obligations, or to obtain or enforce payment of any
      Account Receivable either as against the account debtor, Borrower or any
      guarantor or surety of Borrower or in the prosecution or defense of any action
      or concerning any matter growing out of or connected with the subject matter
      of
      this Agreement, the Obligations or the Collateral or any of Bank’s rights or
      interests therein or thereto, including, without limiting the generality of
      the
      foregoing, any counsel fees or expenses incurred in any bankruptcy or insolvency
      proceedings, and all costs and expenses incurred or paid by Bank in connection
      with the administration, supervision, protection or realization on any security
      held by Bank for the debt secured hereby, whether such security was granted
      by
      Borrower or by any other person primarily or secondarily liable (with or without
      recourse) with respect to such debt, and all costs and expenses incurred by
      Bank
      in connection with the defense, settlement or satisfaction of any action, claim
      or demand asserted against Bank in connection with the debt secured hereby,
      all
      of which amounts shall be considered advances to protect Bank’s security, and
      shall be secured hereby. At its option, and without limiting any other rights
      or
      remedies, Bank may at any time, if Borrower fails to do so, pay or discharge
      any
      taxes, liens, security interests or other encumbrances at any time levied
      against or placed on any of the Collateral, and may procure and pay any premiums
      on any insurance required to be carried by Borrower and provide for the
      maintenance and preservation of any of the Collateral, and otherwise take any
      action reasonably deemed necessary to Bank to protect its security, and all
      amounts expended by Bank in connection with any of the foregoing matters,
      including reasonable attorneys’ fees, shall be considered joint and several
      Obligations of Borrower and shall be secured hereby.

    

    (b) Bank
      shall be authorized to make Loans hereunder by deposit of an proceeds into
      Borrower’s operating account with Bank, or in such other manner designated in
      the written request of Borrower made by any of the Persons whom Borrower may
      from time to time designate in appropriate certificates or resolutions delivered
      to Bank. All Loans shall be conclusively deemed to have been authorized by
      Borrower and to have been made pursuant to duly authorized requests therefor
      on
      its behalf. Bank shall be further entitled to rely on any communication,
      instrument or document believed by it to be genuine and correct and to have
      been
      signed, sent or made by the proper Person(s), and with respect to all legal
      matters shall be entitled to rely on advice of legal counsel.

    

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

    (c) In
      the
      absence of the gross negligence of or willful misconduct by Bank, neither Bank
      nor any attorney-in-fact pursuant to this Agreement shall be liable to Borrower
      or any other Person for any act or omission, any mistake of fact or any error
      of
      judgment in exercising any right or remedy granted herein.

    

    (d) Bank
      shall be entitled to retain Collateral or require substitution therefor to
      the
      extent required to assure Bank of satisfaction of Borrower’s Obligations under
      this Section 14.

    

    15. CAPITAL
      ADEQUACY. If after the date hereof, Bank determines in good faith that (i)
      the
      adoption, after the date hereof, of any applicable law, rule, or regulation
      regarding capital requirements for banks or bank holding companies or the
      subsidiaries thereof, (ii) any change, after the date hereof, in the
      interpretation or administration of any such law, rule or regulation by any
      governmental authority, central bank, or comparable agency charged with the
      interpretation or administration thereof, or (iii) compliance by Bank or its
      holding company with any request or directive of any such governmental
      authority, central bank or comparable agency regarding capital adequacy (whether
      or not having the force of law), has the effect of reducing the return on Bank’s
      capital to a level below that which Bank could have achieved (taking into
      consideration Bank’s and its holding company’s policies with respect to capital
      adequacy immediately before such adoption, change, or compliance and assuming
      that Bank’s capital was fully utilized prior to such adoption, change, or
      compliance) but for such adoption, change, or compliance as a consequence of
      Bank’s making advances pursuant hereto by any material amount:

    

    (a) Bank
      shall promptly, after Bank’s determination of such occurrence, give notice
      thereof to Borrower.

    

    (b) Borrower,
      jointly and severally, shall pay to Bank as an additional fee from time to
      time,
      within thirty (30) days of demand therefor, such amount as Bank certified to
      be
      the amount that will compensate Bank for such reduction.

    

    (c) A
      certificate of Bank claiming entitlement to compensation as set forth above
      will
      be conclusive in the absence of manifest error. Such certificate will set forth
      the nature of the occurrence giving rise to such compensation, the additional
      amount or amounts to be paid to Bank, and the method by which such amounts
      were
      determined. In determining such amount, Bank may use any reasonable averaging
      and attribution method.

    

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

    16. MISCELLANEOUS
      PROVISIONS.

    

    (a) Notices
      by Bank under Section 2 may be in writing or by telephone (confirmed in
      writing). Unless otherwise specified herein, all notices hereunder shall be
      in
      writing, if to Borrower, addressed to Borrower at its address shown in the
      preamble to this Agreement, and if to Bank, at 28 State Street, Boston,
      Massachusetts 02110, Attention: Ruben V. Klein, Sr. Vice President, Commercial
      Lending Division. Written notices and communications shall be effective and
      shall be deemed received on the business day when delivered by hand or sent
      by
      confirmed facsimile transmission; on the next business day, if by commercial
      courier, and on the third business day after sending, if by registered or
      certified mail, postage prepaid.

    

    (b) No
      failure to exercise and no delay in exercising on the part of Bank, any right
      or
      remedy hereunder shall operate as a waiver thereof, nor shall any single or
      partial exercise thereof preclude any other or further exercise thereof or
      the
      exercise of any other right or remedy. Waiver by Bank of any right or remedy
      on
      any one occasion shall not be construed as a bar to or waiver thereof or of
      any
      other right or remedy on any future occasion. Without limiting the generality
      of
      the foregoing, Borrower expressly agree that no failure by Bank to detect or
      to
      communicate with Borrower or take action in response to any failure by Borrower
      to perform or observe any Obligation shall operate as a waiver of any right
      or
      remedy of Bank; Bank’s rights and remedies hereunder, under any agreement or
      instrument supplemental hereto or under any other agreement or instrument shall
      be cumulative, may be exercised singly or concurrently and are not exclusive
      of
      any rights or remedies provided by law.

    

    (c) The
      headings contained herein are for convenience only and shall not affect the
      construction hereof. If one or more provisions of this Agreement (or the
      application thereof) shall be invalid, illegal or unenforceable in any respect
      in any jurisdiction, the same shall not, to the fullest extent permitted by
      applicable law, invalidate or render illegal or unenforceable such provision
      (or
      its application) in any other jurisdiction or any other provision of this
      Agreement (or its application). This Agreement is the entire agreement of the
      parties with respect to the subject matter hereof and supersedes any prior
      written or verbal communications or instruments relating to the
      Loans.

    

    (d) This
      Agreement shall continue in full force and effect so long as any of the
      Obligations remains outstanding or has not been fully and finally paid,
      performed or satisfied. Upon final payment and full satisfaction of the
      Obligations and termination of Bank’s agreement to make loans under this
      Agreement, Bank agrees to promptly provide to Borrower appropriate terminations
      of security interests, discharges of mortgages, reassignments of trademarks
      and
      such other documents, instruments and agreements as are necessary to terminate
      Bank’s interests in property of Borrower.

    

    (e) Borrower
      acknowledge that the transactions contemplated hereby are commercial
      transactions and waive, to the fullest extent they may do so under applicable
      law, such rights as they may have or hereafter have to notices and/or hearings
      under applicable Federal or state laws relating to exercise of any of Bank’s
      rights, including without limitation the right to deprive Borrower of or affect
      its use, possession or enjoyment of property prior to rendition of a final
      judgment against Borrower.

    

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

    (f) The
      Obligations of Borrower referenced in this Agreement are expressly
      cross-defaulted, cross-terminated, cross-collateralized and
      cross-guarantied.

    

    17. GOVERNING
      LAW; JURISDICTION; WAIVER OF JURY TRIAL.

    

    (a) This
      Agreement shall take effect as a sealed instrument and shall be governed by
      and
      construed in accordance with the laws of The Commonwealth of
      Massachusetts.

    

    (b) Borrower
      irrevocably submits to the non-exclusive jurisdiction of any federal or state
      court sitting in Boston, Massachusetts over any suit, action or proceeding
      arising out of or relating to this Agreement. Borrower irrevocably waives,
      to
      the fullest extent it may effectively do so under applicable law, any objection
      it may have or hereafter have to the laying of the venue of any such suit,
      action or proceeding brought in any such court and any claim that the same
      has
      been brought in an inconvenient forum. Borrower agrees that any and all legal
      process which may be served in any suit, action or proceeding may be served
      by
      mailing a copy thereof by registered or certified mail, postage prepaid, return
      receipt requested, to Borrower’s address shown herein and agrees that such
      service shall in every respect be deemed effective service upon
      Borrower.

    

    (c) BORROWER
      AND BANK HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHT IT
      MAY
      HAVE OR HEREAFTER HAVE TO A TRIAL BY JURY IN RESPECT OF ANY SUIT, ACTION OR
      PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT. Borrower hereby
      certifies that neither Bank nor any of its representatives, agents or counsel
      has represented, expressly or otherwise, that Bank would not, in the event
      of
      any such suit, action or proceeding, seek to enforce this waiver of right to
      trial by jury. Borrower acknowledges that Bank has been induced to enter into
      this Agreement by, among other things, this waiver. Borrower acknowledges that
      it has read the provisions of this Agreement and in particular, this Section
      17,
      has consulted legal counsel; understand the rights it is granting in this
      Agreement and is waiving in this Section 17 in particular; and makes the above
      waiver knowingly, voluntarily and intentionally.

    

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

    (d) This
      Agreement is executed as an agreement under seal within The Commonwealth of
      Massachusetts as of the date set forth on page one of this
      Agreement.

     

    
      	
              WITNESS

            	
              BORROWER

              TECHNIPOWER
                LLC

            
	 	 
	
              /s/
                Allison E. Bertorelli

            	
              By:
                /s/
                Anthony F. Intino II

            
	 	 
	 	 
	 	
              BANK

              CITIZENS
                BANK OF MASSACHUSETTS

            
	 	 
	 	
              By:
                 /s/
                Ruben V. Klein

              Ruben
                V. Klein, Sr. Vice President

            

    

    

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

    REVOLVING
      NOTE

    

    1. DEFINED
      TERMS.
      As used
      in this Revolving Note (the “Note”), the following terms shall have the
      following meanings:

    

    
      	
            	1.1	Borrower:
              	
              TECHNIPOWER
                LLC

              
                14
                  Commerce Drive

                Danbury,
                  CT 06810

              

            

      	 	 	 	 

      	 	1.2	Lender:	
              CITIZENS BANK OF MASSACHUSETTS

              
                28
                  State Street

                Boston,
                  MA 02109

              

            

      	 	 	 	 

      	 	1.3	Loan
              Amount:	Not to exceed
              $1,500,000.00

      	 	 	 	 

      	 	1.4	Interest
              Rate:	See Section 3
              below.

      	 	 	 	 

      	 	1.5	Maturity
              Date:	June 1, 2007

      	 	 	 	 

      	 	1.6	Loan
              Agreement:	A certain Loan and Security Agreement
              of even
              date herewith by and between Borrower and
              Lender.

      	 	 	 	 

      	 	1.7	Loan,
              Loan
              Documents and Event of Default	
               

              shall have the same meanings as in the Loan Agreement.
                The Loan Documents are incorporated herein by reference. All capitalized
                terms used herein and not otherwise defined herein shall have the
                meanings
                as set forth in the Loan Agreement.

            

    

    
2. DEBT:
      For
      value received, Borrower hereby promises to pay to the order of Lender the
      Loan
      Amount, or so much as has been advanced by Lender from time to time pursuant
      to
      the Loan Agreement, together with interest on all unpaid balances from the
      date
      of such advances made under this Note at the interest rate set forth in this
      Note, together with all other amounts due hereunder or under the Loan Documents.
      The Loan is a revolving line of credit loan, such that Borrower may from time
      to
      time, borrow and re-borrow principal under the Note so long as the outstanding
      aggregate revolving loans do not exceed the Credit Limit then in effect as
      set
      forth in the Loan Agreement.

    

    3. INTEREST:
      During
      the term of this Note the aggregate outstanding principal amount outstanding
      under the an shall accrue interest at a floating per annum rate of interest
      equal to the Prime Rate.

    

    4. PAYMENTS:
      Borrower
      shall make payments of interest only on the amounts advanced by Lender under
      this Note monthly in arrears while any part of the indebtedness evidenced hereby
      is unpaid on the first day of the month following the date of this Agreement
      (the “First Payment Date”) and thereafter on each monthly anniversary of the
      First Payment Date. Payments of principal shall be made from time to time as
      required pursuant to the Loan Agreement. Upon the Maturity Date, Borrower shall
      pay to Lender the entire then unpaid balance of principal and interest under
      this Note. Any payments on this Note, whether such payment is of a regular
      installment or represents a prepayment (if permitted hereunder), shall be made
      in currency of the United States of America, in immediately available funds,
      to
      Lender at Lender’s address set forth or at such other address as Lender may from
      time to time designate in writing.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    5. DEFAULT
      INTEREST:
      After an
      Event of Default, at the election of the Lender, interest shall accrue at a
      per
      annum rate equal to the sum of the Prime Rate and three (3.0%)
      percent.

    

    6. DELINQUENCY
      CHARGES: Overdue
      principal and interest payments shall be subject to a late charge of three
      percent (3.0%) (which such charge (i) shall only apply to the overdue portion
      of
      such principal and interest and (ii) shall only be payable if and only if the
      overdue portion of such principal and interest remains unpaid for 10 calendar
      days after the date on which it was originally due to be paid). Such amount
      shall be secured by the Security Agreement. Borrower agrees that any such
      delinquency charges shall not be deemed to be additional interest or penalty,
      but shall be deemed to be liquidated damages because of the difficulty in
      computing the actual amount of damages in advance.

    

    7. COSTS
      AND EXPENSES UPON DEFAULT:
      After
      default, in addition to outstanding principal, accrued interest and delinquency
      charges, Lender shall be entitled to collect all of its costs of collection,
      including, but not limited to, reasonable attorney’s fees and expenses, incurred
      in connection with the protection or realization of collateral or in connection
      with any of Lender’s collection efforts, whether or not suit on this Note is
      filed, and all such costs and expenses shall be payable on demand and until
      paid
      shall also be secured by the Security Agreement and the other Loan
      Documents.

    

    8. APPLICATION
      OF PAYMENTS:
      Unless
      an Event of Default has occurred, all payments hereunder shall be applied first
      to delinquency charges, costs of collection and enforcement and other similar
      amounts due, if any, under this Note and under the other Loan Documents, then
      to
      interest which is due and payable under this Note and the remainder, if any,
      to
      principal due and payable under this Note. If an Event of Default has occurred,
      such payments may be applied to sums due under this Note or under the other
      Loan
      Documents in any order and combination that Lender may, in its sole and absolute
      discretion, determine.

    

    9. PERMITTED
      PREPAYMENT:
      The
      Borrower shall have the right to prepay the Loan in whole or in part, at any
      time and to re-borrow such amounts as permitted by the terms of the Loan
      Agreement.

    

    10. COSTS;
      ILLEGALITY OF LOAN:
      In
      addition to principal, interest and delinquency charges, Borrower shall pay
      all
      costs and expenses, including, without limitation, reasonable attorneys’ fees
      and all reasonable expenses and disbursements of counsel, in connection with
      the
      protection, realization or enforcement of any of Lender’s rights against
      Borrower and against any collateral given Lender to secure this Note or any
      other liabilities of Borrower to Lender (whether or not suit or foreclosure
      is
      instituted by or against Lender).

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    Borrower
      hereby agrees to pay to Lender on demand (i) all costs and expenses of Lender
      in
      connection with, and any stamp or other taxes or charges (including filing
      fees)
      payable with respect to, this Note and the enforcement hereof; and (ii) any
      amount necessary to compensate it for (a) any losses or costs (including funding
      costs) sustained by it as a consequence of any default by Borrower hereunder;;
      and (b) any increased costs Lender may sustain in maintaining the borrowing
      evidenced hereby due to the introduction of, or any change in, law or applicable
      regulations (including the interpretation thereof) or due to the compliance
      by
      Lender with any guideline or request from any central bank or governmental
      authority. In addition, if it shall become unlawful, or any central bank or
      other governmental authority shall assert it to be unlawful, for Lender (or
      any
      bank which is directly or indirectly funding Lender with respect to the Loan)
      to
      maintain the borrowing evidenced hereby, Borrower agrees to prepay this Note
      in
      full together with accrued interest and other amounts payable hereunder on
      demand. 

    

    11. WAIVERS:
      BORROWER
      AND EACH GUARANTOR OF THIS NOTE SEVERALLY AND IRREVOCABLY WANE THEIR RESPECTIVE
      RIGHTS TO NOTICE AND HEARING TO THE EXTENT PERMITTED BY LAW OF ANY STATE OR
      FEDERAL LAW WITH RESPECT TO ANY PREJUDGMENT REMEDY WHICH LENDER MAY DESIRE
      TO
      USE, and, further, severally and irrevocably waive presentment for payment,
      demand, notice of nonpayment, notice of intention to accelerate the maturity
      of
      this Note, diligence in collection, commencement of suit against any obligor,
      notice of protest, and protest of this Note and all other notices in connection
      with the delivery, acceptance, performance, default or enforcement of the
      payment of this Note, before or after the maturity of this Note, with or without
      notice to Borrower, and agree that Borrower’s liability shall not be in any
      manner affected by any indulgence, extension of time, renewal, waiver or
      modification granted or consented to by Lender. Borrower consents to any and
      all
      extensions of time, renewals, waivers or modifications that may be granted
      by
      Lender with respect to the payment or other provisions of this Note, and to
      any
      substitution, exchange or release of the collateral for this Note, or any part
      thereof, with or without substitution of said collateral. Any delay on the
      part
      of Lender in exercising any right under this Note shall not operate as a waiver
      of any such right, and any waiver granted or consented to on one occasion shall
      not operate as a waiver in the event of any subsequent default.

    

    BORROWER
      AND EACH GUARANTOR HEREBY SEVERALLY AND IRREVOCABLY WAIVE ALL RIGHT TO A TRIAL
      BY JURY IN ANY PROCEEDINGS HEREAFTER INSTITUTED BY OR AGAINST BORROWER OR ANY
      GUARANTOR IN RESPECT OF THIS NOTE OR ARISING OUT OF ANY DOCUMENT, INSTRUMENT
      OR
      AGREEMENT EVIDENCING, GOVERNING OR SECURING THIS NOTE, INCLUDING ALL LOAN
      DOCUMENTS.

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    12. NO
      USURY: Lender
      and Borrower intend to comply at all times with applicable usury laws. If at
      any
      time such laws would ever render usurious any amounts called for under this
      Note
      or the other Loan Documents, then it is Borrower’s and Lender’s express
      intention that Borrower shall not be required to pay interest on this Note
      at a
      rate in excess of the maximum lawful rate, that the provisions of this Section
      12 shall control over all other provisions of this Note and the Loan Documents
      which may be in apparent conflict herewith, that such excess amount shall be
      credited to the principal balance of this Note (or, if this Note has been fully
      paid, refunded by Lender to Borrower), and the provisions hereof shall be
      reformed and the amounts thereafter collectible under this Note reduced, without
      the necessity of the execution of any further documents, so as to comply with
      the then applicable law, but so as to permit the recovery by Lender of the
      fullest amount otherwise called for under this Note. Any such crediting or
      refund shall not cure or waive any default by Borrower under this Note or the
      other Loan Documents. If at any time following any reduction in the interest
      rate payable by Borrower there remains unpaid any principal amount under this
      Note and the maximum interest rate allowed by applicable law is increased or
      eliminated, then the interest rate payable under this Note shall be readjusted,
      to the extent not prohibited by applicable law, so that the dollar amount of
      interest payable hereunder shall be equal to the dollar amount of interest
      which
      would have been paid by Borrower without giving effect to the reduction in
      interest resulting from compliance with applicable usury laws. Borrower agrees
      that in determining whether or not any interest payable under this Note or
      the
      other Loan Documents exceeds the highest rate allowed by law, any non-principal
      payment (except payments specifically stated in this Note or in the other Loan
      Documents to be “interest”), including, without limitation, prepayment fees and
      delinquency charges, shall, to the maximum extent allowed by law, be an expense,
      fee or premium rather than interest. The term “applicable law”, as used in this
      Note shall mean the laws of The Commonwealth of Massachusetts, the state in
      which the Collateral is located (if other than The Commonwealth of
      Massachusetts) or the laws of the United States, whichever laws allow the
      greater rate of interest, as such laws now exist or may be changed or amended
      or
      come into effect in the future.

    

    13. ACCELERATION
      AND OTHER REMEDIES:
      If:

    

    
      	 	
              (a)

            	
              Borrower
                fails to pay any sum within five (5) days of when due under this
                Note;
                or

            

    

    

    
      	 	
              (b)

            	
              an
                “Event of Default”, as said term is defined in the Loan Agreement or any
                other Loan Document (including any applicable grace or cure periods),
                occurs;

            

    

    

    then,
      in
      accordance with the terms and conditions of the Loan Agreement, Lender may,
      at
      its option, declare the entire unpaid balance of this Note together with
      interest accrued thereon, to be immediately due and payable and Lender may
      proceed to exercise any rights or remedies that it may have under this Note,
      the
      Loan Agreement, the other Loan Documents or such other rights and remedies
      which
      Lender may have at law, equity or otherwise.

    

    14. JOINT
      AND SEVERAL LIABILITY: The
      liabilities of Borrower and any guarantor of this Note are joint and several;
      provided, however, the release by Lender of Borrower or any one or more
      guarantor shall not release any other person obligated on account of this Note.
      Each reference in the within Note to Borrower and any guarantor is to such
      person individually and also to all such persons jointly. No person obligated
      on
      account of this Note may seek contribution from any other person also obligated
      unless and until all liabilities to Lender from the person from whom
      contribution is sought have been satisfied in full.

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    15. SUCCESSORS
      AND ASSIGNS: This
      Note
      shall be binding upon Borrower and upon its respective heirs, successors,
      assigns and representatives, and shall inure to the benefit of Lender and its
      successors, endorsees, and assigns.

    

    16. SECURITY:
      This
      Note
      is secured by the other Loan Documents, including, but not limited to the
      Security Agreement, and all amendments, modifications, supplements,
      substitutions, additions, renewals, replacements and extensions thereof. Any
      and
      all deposits or other sums at any time credited by or due from Lender to
      Borrower and any cash, securities, instruments, or other property of Borrower
      which now or hereafter are at any time in the possession or control of Lender,
      constitute additional security to Lender for the liabilities of Borrower to
      Lender including, without limitation, the liability evidenced hereby, and may
      be
      applied or set off by Lender against such liabilities at any time from and
      after
      an Event of Default hereunder whether or not other collateral is available
      to
      Lender.

    

    17. COLLECTION:
      Any
      check, draft, money order or other instrument given in payment of all or any
      portion hereof may be accepted by Lender and handled by collection in the
      customary manner, but the same shall not constitute payment hereunder or
      diminish any rights of Lender except to the extent that actual cash proceeds
      of
      such instrument are unconditionally received by Lender and applied to this
      indebtedness in the manner elsewhere herein provided.

    

    18. AMENDMENTS:
      This
      Note may be changed or amended only by an agreement in writing signed by the
      party against whom enforcement is sought.

    

    19. GOVERNING
      LAW; SUBMISSION TO JURISDICTION: This
      Note
      is given to evidence debt for business or commercial purposes, is being
      delivered to Lender at one of its offices in The Commonwealth of Massachusetts
      and shall be governed by and construed under the laws of said Commonwealth.
      Borrower, each partner, or any partner of such partner, officer, director and
      employee of Borrower, hereby submit to personal jurisdiction in said
      Commonwealth for the enforcement of Borrower’s obligations hereunder, under the
      Loan Agreement and under the other Loan Documents, and waive any and all
      personal rights under the law of any other state to object to jurisdiction
      within such Commonwealth for the purposes of litigation to enforce such
      obligations of Borrower. In the event such litigation is commenced, Borrower
      agrees that service of process may be made, and personal jurisdiction over
      Borrower obtained, by service of a copy of the summons, complaint and other
      pleadings required to commence such litigation upon Borrower at the address
      set
      forth in the preamble to this Note.

    

    20. CAPTIONS:
      All
      paragraph and subparagraph captions are for convenience of reference only and
      shall not affect the construction of any provision herein.

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

       

    

    IN
      WITNESS WHEREOF, this Note has been executed and delivered under seal the 3
      day
      of May, 2006.

     

    
      	
              WITNESS

            	
              BORROWER

              TECHNIPOWER
                LLC

            
	 	 
	
              /s/
                Allison E. Bertorelli

            	
              By:
                /s/
                Anthony F. Intino II

            

    

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    AMENDMENT
      NO. 1

    TO

    LOAN
      AND
      SECURITY AGREEMENT

    August 
      ___,
      2006

    

    PREAMBLE.
      This Amendment No. 1 to Loan and Security Agreement is made as of the date
      set
      forth above between TECHNIPOWER LLC, a Delaware limited liability company with
      a
      mailing address of 14 Commerce Drive, Danbury, CT 06810 (`Borrower”) and
      CITIZENS BANK OF MASSACHUSETTS, a Massachusetts bank having an address of 28
      State Street, Boston, Massachusetts 02109 (“Bank”).

    

    1. RECITALS.
      Borrower has requested that Bank consent to a transaction pursuant to which
      Solomon Technologies, Inc. (“SOLM”) will acquire all of the issued and
      outstanding equity interests of Borrower from the owners of Borrower (the
“Transaction”). Bank is willing to consent to the Transaction and deliver that
      certain Consent to Transaction and Affirmation, dated as of the date hereof,
      but
      only on the terms and conditions set forth herein.

    

    2. AMENDMENT.
      For good and valuable consideration received, Section 9 of the Loan and Security
      Agreement by and between Bank and Borrower, dated as of May 3, 2006 (the “Loan
      Agreement”) is hereby amended by adding subsection (m) as follows:

    

    (m) Use
      the
      proceeds of any loans advanced under the Loan Agreement to make Distributions,
      loans or other advances to SOLM for the general working capital purposes of
      SOLM, except to the extent that such Distributions, loans or other advances
      to
      SOLM would otherwise qualify as Permitted Distributions under the an
      Agreement.

    

    3. AFFIRMATION.
      Except as expressly modified hereby, all terms and conditions of the Loan
      Agreement and any ancillary documents executed in connection with the Loan
      Agreement shall remain in full force and effect and are hereby ratified and
      confirmed by Borrower. All assets of the Borrower remain subject to the first
      perfected security interest granted by Borrower to Bank.

    

    4. EXECUTION.
      This Amendment may be executed in any number of counterparts, each of which
      when
      so executed and delivered shall be deemed to be an original and all of which
      counterparts, taken together, shall constitute but one and the same
      instrument.

    

    5. AMENDMENT
      FEE. Borrower authorizes Bank to charge its deposit account with Bank for an
      amendment fee in the amount of $1,000.00 in connection with this
      Amendment.

    

    Signature
      Page Follows

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SIGNATURE
      PAGE

    TO

    AMENDMENT
      NO. 1 TO THE LOAN AND SECURITY AGREEMENT

    

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

     

    
      	 	
              LENDER

              

              CITIZENS
                BANK OF MASSACHUSETTS

              

               

              /s/
                Ruben V. Klein

              By:
                Ruben V. Klein

              Title:
                SVP

               

              
 

              BORROWER

              

              TECHNIPOWER
                LLC

              

               

              /s/
                Anthony F. Intino II

              By:
                Anthony F. Intino II

              Title:
                President

            

    

    
 

    
      
        
        

      

      
        2

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