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                                                                    EXHIBIT 10.3

                 SPLINEX TECHNOLOGY INC. 2004 STOCK OPTION PLAN
                          STOCK OPTION AWARD AGREEMENT

         This Stock Option Award Agreement (the "AGREEMENT") dated as of
[____________], 2004, is made between Splinex Technology Inc., a Delaware
corporation (the "COMPANY") and [____________ (the "OPTIONEE"). All capitalized
terms used herein that are not defined herein shall have the respective meanings
given to such terms in the Splinex Technology Inc. 2004 Stock Option Plan (the
"PLAN").

                              W I T N E S S E T H :

         1. GRANT OF OPTION. Pursuant to the provisions of the Plan, the Company
hereby grants to the Optionee, subject to the terms and conditions of the Plan
and subject further to the terms and conditions set forth herein, the right and
option to purchase from the Company all or any part of an aggregate of
[____________] shares of the common stock of the Company ("STOCK"), at a per
share purchase price equal to $[____________] (the "OPTION"), such Option to be
exercisable as provided in this Agreement and the Plan. The Option shall not be
treated as an "incentive stock option," as defined in Section 422 of the Code.

         2. TERMS AND CONDITIONS. It is understood and agreed that the Option
evidenced hereby is subject to the following terms and conditions:

         (a) EXPIRATION DATE. The Option shall expire [______] months after the
date set forth in the first paragraph of this Agreement.

         (b) EXERCISE OF OPTION.

                  (i) Subject to the other terms of this Agreement and the Plan,
         the Option may be exercised: (A) on or after the first anniversary of
         the date of this Agreement as to [25]% of the total number of shares of
         Stock subject to the Option and (B) as to an additional [2.5]% of the
         total number of shares of Stock subject to the Option at the end of
         each month commencing with the month immediately following such first
         anniversary and ending on or before the fourth anniversary of the date
         of this Agreement (up to an aggregate of the remaining [75]% of the
         total number of shares of Stock subject to the Option), plus any shares
         of Stock as to which the Option could have been exercised previously,
         but was not so exercised.

                  (ii) Notwithstanding the foregoing provisions of Section
         2(b)(i), in the event, within one year following a Change of Control,
         either (1) the Optionee's service is terminated by the Company or an
         Affiliate without Cause or (2) the Optionee terminates his or her
         service with the Company or an Affiliate upon (A) prior written notice
         to the Company that his or her service as a consultant of the Company
         or an Affiliate has been a materially adversely changed by Company or
         such Affiliate or (B) a reduction in the Optionee's cash compensation,

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         other than in connection with a termination of service for Cause, the
         Option shall immediately become exercisable as to the full number of
         shares of Stock set forth in Section 1 hereof.

                  (iii) Notwithstanding any other provision of this Agreement to
         the contrary, the Option shall terminate in accordance with Section
         6(f) of the Plan.

                  (iv) Any exercise of all or any part of the Option shall be
         accompanied by Notice to the Company specifying the number of shares of
         Stock as to which the Option is being exercised. Upon the valid
         exercise of all or any part of the Option, a certificate (or
         certificates) for the number of shares of Stock with respect to which
         the Option is exercised shall be issued in the name of the Optionee,
         subject to the other terms and conditions of this Agreement and the
         Plan. Notation of any partial exercise shall be made by the Company on
         SCHEDULE 1 attached hereto.

         (c) CONSIDERATION. At the time of any exercise of the Option, the
purchase price of the shares of Stock as to which the Option shall be exercised
shall be paid to the Company--

                  (i) in United States dollars by personal check, bank draft or
         money order;

                  (ii) if permitted by applicable law and approved by the
         Committee in accordance with the Plan, with Stock, duly endorsed for
         transfer to the Company, already owned by the Optionee (or by the
         Optionee and his or her spouse jointly) for at least six months prior
         to the tender thereof and not used for another such exercise during
         such six months period, having a total Fair Market Value on the date of
         such exercise of the Option, equal to such purchase price of such
         shares of Stock; or

                  (iii) by a combination of the consideration provided for in
         the foregoing clauses (i) and (ii) having a total Fair Market Value on
         the date of such exercise of the Option equal to the purchase price of
         such shares of Stock.

         (d) NONTRANSFERABILITY. The Option shall not be transferable otherwise
than by will or the laws of descent and distribution, and is exercisable, during
the lifetime of the Optionee, only by him; provided that the Option may be
exercised after the Optionee `s death by the beneficiary most recently named by
the Optionee in a written designation thereof filed by the Optionee with the
Company, in accordance with the Plan.

         (e) WITHHOLDING TAXES. At the time of receipt of Stock upon the
exercise of all or any part of the Option, the Optionee shall be required to pay
to the Company in cash (or make other arrangements, in accordance with Section 9
of the Plan, for the satisfaction of) any taxes of any kind required by law to
be withheld with respect to such Stock. In no event shall Stock be delivered to
the Optionee until the Optionee has paid to the Company in cash, or made
arrangements satisfactory to the Company regarding the payment of, the amount of
any taxes of any kind required by law to be withheld with respect to the Stock
subject to the Option, and the Company shall have the right to deduct any such
taxes from any payment of any kind otherwise due to the Optionee.

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         (f) NO RIGHTS AS STOCKHOLDER. Neither the Optionee nor any other person
shall become the beneficial owner of the shares of Stock subject to the Option,
nor have any rights to dividends or other rights as a shareholder with respect
to any such shares, until the Optionee has exercised the Option in accordance
with the provisions hereof and of the Plan.

         (g) NO RIGHT TO CONTINUED SERVICE. Neither the Option nor any terms
contained in this Agreement shall confer upon the Optionee any express or
implied right to be retained in the service of the Company or an Affiliate for
any period or at all, nor restrict in any way the right of the Company or any
Affiliate, which right is hereby expressly reserved, to terminate his or her
service with the Company or an Affiliate at any time with or without cause. The
Optionee acknowledges and agrees that any right to exercise the Option is earned
only by continuing as a consultant of the Company and the Affiliates at the will
of the Company or any Affiliate, or satisfaction of any other applicable terms
and conditions contained in this Agreement and the Plan, and not through the act
of being hired, being granted the Option or acquiring shares of Stock hereunder.

         (h) INCONSISTENCY WITH PLAN. Notwithstanding any provision herein to
the contrary, the Option provides the Optionee with no greater rights or claims
than are specifically provided for under the Plan. If and to the extent that any
provision contained in this Agreement is inconsistent with the Plan, the Plan
shall govern.

         (i) COMPLIANCE WITH LAWS AND REGULATIONS. The Option and the obligation
of the Company to sell and deliver shares of Stock hereunder shall be subject in
all respects to (i) all applicable Federal and state laws, rules and regulations
and (ii) any registration, qualification, approvals or other requirements
imposed by any government or regulatory agency or body which the Committee
shall, in its discretion, determine to be necessary or applicable. Moreover, the
Option may not be exercised if its exercise, or the receipt of shares of Stock
pursuant thereto, would be contrary to applicable law. If at any time the
Company shall determine, in its discretion, that the listing, registration or
qualification of shares of Stock upon any national securities exchange or under
any state or Federal law, or the consent or approval of any governmental
regulatory body, is necessary or desirable, the Company shall not be required to
deliver any certificates for shares of Stock to the Optionee or any other person
unless and until such listing, registration, qualification, consent or approval
shall have been effected or obtained, or otherwise provided for, free of any
conditions not acceptable to the Company.

         3. INVESTMENT REPRESENTATION. If at the time of exercise of all or part
of the Option the Stock is not registered under the Securities Act and/or there
is no current prospectus in effect under the Securities Act with respect to the
Stock, the Optionee shall execute, prior to the issuance of any shares of Stock
to the Optionee by the Company, an agreement (in such form as the Committee may
specify) in which the Optionee, among other things, represents, warrants and
agrees that the Optionee is purchasing or acquiring the shares acquired under
this Agreement for the Optionee's own account, for investment only and not with
a view to the resale or distribution thereof, that the Optionee has knowledge
and experience in financial and business matters, that the Optionee is capable
of evaluating the merits and risks of owning any shares of Stock purchased or

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acquired under this Agreement, that the Optionee is a person who is able to bear
the economic risk of such ownership and that any subsequent offer for sale or
distribution of any of such shares shall be made only pursuant to (i) a
registration statement on an appropriate form under the Securities Act, which
registration statement has become effective and is current with regard to the
shares being offered or sold or (ii) a specific exemption from the registration
requirements of the Securities Act, it being understood that to the extent any
such exemption is claimed, the Optionee shall, prior to any offer for sale or
sale of such shares, obtain a prior favorable written opinion, in form and
substance satisfactory to the Committee, from counsel for or approved by the
Committee, as to the applicability of such exemption thereto.

         4. LOCK-UP PERIOD. The Optionee hereby agrees that, if so requested by
the Company or any representative of the underwriters (the "MANAGING
UNDERWRITER") in connection with any registration of the offering of any
securities of the Company under the Securities Act, the Optionee shall not
offer, pledge, sell, contract to sell, sell any option or contract to purchase,
purchase any option or contract to sell, grant any option, right or warrant to
purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any
Stock or other securities of the Company or enter into any swap, hedging or
other arrangement that transfers to another, in whole or in part, any of the
economic consequences of ownership of any Stock or other securities of the
Company (each such action, "TRANSFER") for the [30] days prior to, and [180]
days after (the "MARKET STANDOFF PERIOD"), the effectiveness of the registration
statement pursuant to which such offering shall be made (or such shorter period
of time as is sufficient and appropriate, in the opinion of the Managing
Underwriter, in order to complete the sale and distribution of the securities
included in such offering). Such restriction shall apply only to the first two
registration statements of the Company to become effective under the Securities
Act which includes securities to be sold on behalf of the Company to the public
in an underwritten public offering under the Securities Act. The Company may
impose stop-transfer instructions with respect to securities subject to the
foregoing restrictions until the end of such Market Standoff Period.

         5. COMPANY'S RIGHT TO PURCHASE STOCK AND VESTED OPTIONS.

         (a) Upon the termination, for any reason, of the Optionee's service
with the Company or an Affiliate, the Company shall have the right, but not the
obligation, to purchase any or all of the shares of Stock which have been
purchased by the Optionee, or any person permitted to exercise the Option under
Section 6(f) of the Plan, pursuant to exercise of the Option ("OPTION STOCK"),
and which the Optionee, such other person, or any permitted donee of such Stock,
under Section 6 hereof, then holds, and all or any portion of the Option that is
exercisable upon such termination of service under Section 6(f) of the Plan (the
"VESTED OPTION"), by delivering written notice to the Optionee and/or such donee
of Option Stock or other person permitted to exercise the Option, as applicable,
within [60] days after such termination of service, at the fair market value of
such shares of Option Stock and Vested Option as of the date the Company
delivers such notice, as determined in good faith by the Committee (without
discount for lack of marketability or minority interest), based upon a customary
appraisal prepared by an independent appraisal company, or such other reasonable

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valuation method as the Committee shall select and apply as of the given date.
The Company shall not have the right to repurchase Option Stock described in
this Section 5 after the Stock becomes publicly traded.

         (b) If the Company shall elect to exercise its right to purchase any
Option Stock or Vested Option under this Section 5, the closing of such purchase
by the Company shall take place no later than [90] days after the exercise of
such right, which time in the case of the death of the Optionee may be extended
to provide for probate of the Optionee's estate. On the date scheduled for such
closing, the price for the shares of Stock and/or Vested Option to be purchased
by the Company, determined in accordance with paragraph (a) of this Section 5,
shall be paid by the Company as specified in paragraph (d) of this Section 5 to
the record holder of such shares or Vested Option against delivery of a
certificate or certificates representing the purchased shares of Stock in proper
form for transfer and/or this Agreement, as the case may be. In connection with
such closing, such record holder shall warrant in writing to the Company good
and marketable title to the purchased shares, free and clear of all claims,
liens, charges, encumbrances and security interests of any nature whatsoever
except those under this Agreement.

         (c) None of the shares of Option Stock shall be Transferred on the
Company's books nor shall the Company recognize any such purported Transfer of
any such shares or any interest therein unless and until all applicable
provisions of Sections 3, 4 and 6 of this Agreement have been complied with in
all respects. The certificates evidencing shares of Option Stock shall bear
legends to the following effect:

         "The shares represented by this certificate are subject to certain
         restrictions against transfer set forth in a Stock Option Award
         Agreement between the stockholder to whom the shares were originally
         issued and Splinex Technology Inc. (the "COMPANY"), dated
         [____________], 2004, as may be amended from time to time. Such shares
         are also subject to a limited call option of the Company as described
         in Section 5 and certain bring-along rights as described in Section 7,
         in each case of such Stock Option Award Agreement.

         "The shares represented by this certificate have not been registered
         under the Securities Act of 1933, as amended (the "SECURITIES ACT"),
         and such shares may not be offered, sold, pledged or otherwise
         transferred except (1) pursuant to an exemption from, or in a
         transaction not subject to, the registration requirements under the
         Securities Act or (2) pursuant to an effective registration statement
         under the Securities Act, in each case in accordance with any
         applicable securities laws of any State of the United States."

         (d) The Company will pay for the Option Stock and Vested Option to be
purchased by the Company under this Section 5 by check or checks payable to the
Option Stockholder holding such Option Stock or Vested Option in an aggregate
cash amount of up to $[1,000,000]. In the event the payment for such Option
Stockholder's Option Stock and/or Vested Option exceeds $[1,000,000], the
Company will issue a subordinated note payable to such Option Stockholder in
equal installments over [five] years bearing interest at the rate of [6% per

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annum for an amount equal to the excess; PROVIDED that such note shall be in
form and substance satisfactory to the Company, the Optionee and the Company's
lenders.

         6. RESTRICTIONS ON TRANSFER OF STOCK. The Optionee shall not Transfer
shares of Option Stock received by the Optionee (or any interest or right in
such shares) except: (i) to the Company; (ii) pursuant to a registration
statement filed pursuant to the Securities Act or, at any time after an initial
public offering of the Stock, pursuant to Rule 144 under the Securities Act in
an unsolicited brokerage transaction to the public; (iii) following his or her
death, by will or intestacy to the Optionee's beneficiary, legal representative,
heir or legatee; (iv) as a gift or gifts during the Optionee's lifetime to the
Optionee's spouse, children or grandchildren, or to a trust, partnership or
other legal entity for the benefit of, or in which the only partners or members
are, the Optionee and/or any of the foregoing, PROVIDED that the donee of such
shares agrees to be bound by the provisions of Sections 4, 5 and 7 of this
Agreement; or (v) pursuant to Section 7 of this Agreement.

         7. GRANT TO THE FOUNDER OF BRING-ALONG RIGHTS.

         (a) Each time the shareholders of the Company meet, or act by written
consent in lieu of meeting, for the purpose of approving a "Sale of the
Business," and do actually approve a "Sale of the Business," the "Option
Stockholder" agrees to sell all of his or her Option Stock as directed by the
"Founder," as such terms are defined below. As used herein:

         "FOUNDER" means [Dr. Peter Novak], or his successors or assigns.

         "OPTION STOCKHOLDER" means the Optionee, to the extent that the
Optionee owns shares of Option Stock purchased pursuant to the terms of this
Agreement or, to the extent that any person permitted to exercise the Option
under Section 6(f) of the Plan, or any permitted donee under Section 6 hereof
owns shares of Option Stock, the Optionee on behalf of such other person or
permitted donee.

         "SALE OF THE BUSINESS" means any transaction or series of transactions
(whether structured as a stock sale, merger, consolidation, reorganization,
asset sale or otherwise) negotiated on an arm's-length basis, which results in
the sale or transfer of all or substantially all of the assets or shares of
capital stock of the Company to an unaffiliated bona fide third party in which
all consideration payable to holders of the common stock of the Company is
distributed pro rata pursuant to share ownership.

         (b) In furtherance of its covenants in paragraph (a) of this Section 7,
the Option Stockholder hereby agrees to cooperate fully with the Founder and the
purchaser in any such Sale of the Business and to execute and deliver all
documents (including purchase agreements) and instruments as the Founder and the
purchaser reasonably request to effect such Sale of the Business, including,
without limitation, the making of all representations, warranties and
indemnifications (including participating in any escrow arrangements) and
similar arrangements, but excluding employment agreements and covenants

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not-to-compete (the determination of whether or not to enter into any such
agreements being in the sole and absolute discretion of the Option Stockholder).
The Founder agrees that upon such Sale of the Business the Option Stockholder
will receive its pro rata share of the consideration paid by the purchaser
determined on the basis of the Option Stockholder's ownership of the shares of
stock of the Company.

         (c) In no event shall the Founder receive special consideration or a
control premium in connection with a sale contemplated by this Section 7;
PROVIDED, HOWEVER, that it is understood that the Founder shall be entitled to
receive a reasonable transaction fee payable upon the closing of any such sale
contemplated by this Section 7 if the Founder provides services in connection
with such sale that would customarily be provided by a third party financial
advisor.

         8. CERTAIN OTHER REPRESENTATIONS AND COVENANTS OF THE OPTIONEE. The
Optionee hereby acknowledges receipt of a copy of the Plan and represents that
he or she is familiar with the terms and provisions thereof. The Optionee hereby
represents and acknowledges that he or she has reviewed the Plan and this
Agreement in their entirety, has had an opportunity to obtain the advice of
counsel prior to executing this Agreement and fully understands all provisions
of the Plan and this Agreement. The Optionee hereby agrees to be bound by all of
the terms and provisions of the Plan and this Agreement, including the terms and
provisions adopted after the granting of the Option but prior to the complete
exercise hereof, subject to the last paragraph of Section 13 of the Plan as in
effect on the date hereof; PROVIDED that any Stock acquired under the Option
shall carry equal voting rights with the common stock or similar equity
securities of the Company not acquired under the Plan; and PROVIDED FURTHER that
any provision contained in this Agreement the enforcement of which would violate
the securities laws of the State of California shall not apply. The Optionee
hereby agrees to accept as binding, conclusive and final all decisions and
interpretations of the Committee or the Board upon any questions arising under
the Plan, this Agreement or otherwise relating to the Option.

         9. NOTICES. Any notice hereunder shall be in accordance with the Plan,
and, if to the Company, shall be in accordance with the Plan, and, if to the
Optionee, shall be addressed to him or her at the address set forth below his or
her signature hereon, subject to the right of either party to designate at any
time hereafter in writing some other address.

         10. GOVERNING LAW. The validity, interpretation, construction and
performance of this Agreement shall be governed by the laws of the State of
[Florida] applicable to contracts executed and to be performed entirely within
such state, without regard to the conflict of law provisions thereof.

         11. MODIFICATION. Except as otherwise permitted by the Plan, this
Agreement may not be modified or amended, nor may any provision hereof be
waived, in any way except in writing signed by the parties hereto.

         12. SEVERABILITY. If any of the provisions of this Agreement should be
deemed unenforceable, the remaining provisions shall remain in full force and
effect.

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         13. COUNTERPARTS. This Agreement has been executed in two or more
counterparts, each of which shall constitute one and the same instrument.

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         IN WITNESS WHEREOF, Splinex Technology Inc. has caused this Agreement
to be executed by a duly authorized officer and the Optionee has executed this
Agreement, both as of the day and year first above written.

OPTIONEE                                  SPLINEX TECHNOLOGY INC.

                                       By:
----------------------------------        ------------------------------------
  Name:                                   Name:
                                          Title:
Address of Optionee:

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                                                                    EXHIBIT 10.4

                               SUBLEASE AGREEMENT

         This Sublease Agreement (the "AGREEMENT") dated as of November 1, 2003,
is made between Enerl Group, Inc. ("SUBLESSOR") and Splinex LLC ("SUBLESSEE").

                              W I T N E S S E T H :

         1. GRANT OF SUBLEASE. The parties hereto take notice of the following
leases:

         (a) On December 19, 2002, The Northwestern Mutual Life Insurance
Company of Milwaukee, Wisconsin ("LESSOR") and Aristocrat Technologies, Inc.
("LESSEE") entered into that certain Lease Agreement (the "MASTER LEASE") for
the premises located in the City of Fort Lauderdale, County of Broward, State of
Florida, described as 550 W. Cypress Creek Road, consisting of approximately
3,995 rentable square feet, known as Suite 410. A copy of the Master Lease is
attached as EXHIBIT 1. The leased premises under the Master Lease (the "MASTER
PREMISES") are described in more detail in EXHIBIT 2.

         (b) On October 27, 2003, Lessee and Sublessor entered into that certain
sublease for the Master Premises (the "MASTER PREMISES SUBLEASE"). A copy of the
Master Premises Sublease is attached as EXHIBIT 3. The Master Lease and the
Master Premises Sublease are collectively the "LEASES."

         2. PREMISES. Sublessor hereby subleases to Sublessee on the terms and
conditions set forth in this Agreement that portion of the Master Premises (the
"PREMISES"), totaling 3,995 rentable square feet, as described in more detail in
EXHIBIT 4.

         3. WARRANTY BY SUBLESSEE. Sublessor warrants and represents to
Sublessee that the Leases have not been amended or modified except as expressly
set forth in EXHIBIT 2 herein, that Sublessor is not now, and as of the
commencement of the Term hereof will not be, in default or breach of any of the
provisions of the Leases, and that Sublessor has no knowledge of any claim by
Lessor or Lessee that Sublessor is in default or breach of any of the provisions
of the Leases.

         4. TERM. The term of this Agreement (the "TERM") shall commence upon
occupancy, which is planned to begin on January 1, 2004 (the "COMMENCEMENT
DATE"), and end on February 28, 2008 ("TERMINATION DATE"), unless otherwise
sooner terminated in accordance with the provisions of this Agreement. In the
event the Term commences on a date other than the Commencement Date, Sublessor
and Sublessee shall execute a memorandum setting forth the actual date of
commencement of the Term, However, the termination date shall remain February
28, 2008.

         5. RENT. Sublessee shall pay to Sublessor as rent (the "RENT") without
deduction, set-off, notice or demand at:

                  Ener1 Group, Inc.
                  550 W. Cypress Creek Road, Suite 410
                  Fort Lauderdale FL 33309
                  Attention: Controller

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or, at such other place as Sublessor shall designate from time to time by notice
to Sublessee. Sublessee shall pay the following:

                                                       MONTHLY RENT
                  Occupancy-- 10/31/04                  $4,660.83
                  11/01/04-- 10/31/05                   $4,847.26
                  11/01/05-- 10/31/06                   $5,041.15
                  11/01/06-- 10/31/07                   $5,242.80
                  11/01/07-- 02/28/08                   $5,452.51

plus state sales tax as then applicable in Broward County, Florida as of the
date of payment, in advance on the first day of each month of the Term. If the
Term begins or ends on a day other than the first or last day of a month, the
rent for the partial month or months shall be prorated on a per diem basis, with
the numerator being the number of days that the Sublessee has occupied or will
occupy the Premises and the denominator being the number of days in the relevant
month. The Sublessee shall not be responsible for any Additional Rent as
outlined in the Master Lease. Unpaid rent shall bear interest until paid at the
prime rate of interest plus 2%.

         6. TENANT IMPROVEMENTS. Sublessor shall provide the Premises in an
"as-is" condition.

         7. SECURITY DEPOSIT AND FIRST MONTH OF RENT.

         (a) Sublessee shall deposit with Sublessor upon the signing of this
Agreement, the sum of $0.00 as security of its faithful performance of its
obligations hereunder ("SECURITY DEPOSIT") plus $4,660.83 as payment of the
first month of rent due under this Agreement. Total due upon signing is
$4,660.83.

         (b) If Sublessee fails to pay Rent or other charges when due under this
Agreement, or fails to perform any of its other obligations hereunder, Sublessor
may use or apply all or any portion of the Security Deposit, without prejudice
to any other remedy which Sublessor may have, for the payment of any Rent or
other amount then due hereunder and unpaid, for the payment of any other sum for
which Sublessor may become obligated by reason of Sublessee's default or breach,
or for any loss or damage sustained by Sublessor as a result of Sublessee's
default or breach.

         (c) If Sublessor so uses any portion of the Security Deposit, Sublessee
shall, within 10 days after written demand by Sublessor, restore the Security
Deposit to the full amount originally deposited, and Sublessee's failure to do
so shall constitute a default under this Agreement. Sublessor shall not be
required to keep the Security Deposit separate from its general accounts, and
shall have no obligation or liability for payment of interest on the Security
Deposit. In the event Sublessor assigns or otherwise conveys its interest in

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this Agreement, Sublessor shall deliver to its assignee so much of the Security
Deposit as is then held by Sublessor and Sublessee agrees to look solely to such
grantee or assignee for application or return of the Security Deposit from any
mortgagee or any purchaser of Sublessor's interest as a foreclosure sale of any
grantee of a deed in lieu of foreclosure.

         (d) Within 30 days after the Term has expired, or Sublessee has vacated
the Premises, whichever shall last occur, and provided Sublessee is not then in
default of any of its obligations hereunder, the Security Deposit, or so much
thereof as had not theretofore been applied by Sublessor, shall be returned to
Sublessee or to the last assignee, if any, of Sublessee's interest hereunder.

         8. USE OF PREMISES. The Premises shall be for general office use.

         9. ASSIGNMENT AND SUBLETTING. Sublessee shall not mortgage, encumber,
assign, convey or sublet this Agreement or any interest thereunder in any manner
which would constitute a breach or violation of either of the Leases and without
the prior written consent of Sublessor, such consent shall not be unreasonably
withheld, and the consent of Lessor, as required under the terms of either of
the Leases; HOWEVER, it is understood by the parties hereto that the Sublessee
intends to assign its rights and responsibilities under this Agreement to its
wholly-owned subsidiary, Splinex Technology Inc., and the Sublessor hereby
approves of such an assignment.

         10. OTHER PROVISIONS.

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         (a) All terms and conditions of the Leases, except those that are
incompatible with this Agreement, are incorporated into and made part of this
Agreement as if (i) Sublessor were the sublessor (in the case of the Master
Premises Sublease) thereunder and (ii) Sublessee were the sublessee (in the case
of the Master Premises Sublease) thereunder.

         (b) Except as otherwise noted herein, (i) Sublessee shall perform and
observe all the agreements, covenants, conditions and provisions to be performed
and observed by Lessee under the Master Lease in relation to the Premises and
(ii) Sublessor shall perform and observe all the agreements, covenants,
condition and provision to be performed by the Sublessor under the Master Lease
in relation to that Master Premises other than the Premises, as and when
performance and observance is due, and the Lessor under the Master Lease will
have the right to enforce such agreements, covenants, conditions and provisions
directly against Sublessee.

         (c) Sublessee shall not commit or suffer any act or omission that will
violate any of the provisions of the Leases. Sublessor shall exercise due
diligence in attempting to cause Lessor to perform its obligations under the
Master Lease for the benefit of Sublessee.

         (d) The failure of (i) the Lessor or the Lessee to perform its or their
covenants (as the case may be) under the Master Lease or (ii) the Lessee or
Sublessor to perform its or their covenants (as the case may be) under the
Master Premises sublease shall not allow Sublessee to withhold, set-off or abate
any Rent or other amounts due hereunder. Further, in no event shall Sublessor be
liable to Sublessee for any damages, costs or expenses that Sublessee may incur
by reason of Lessor's failure to perform its covenants under the Master Lease.

         (e) If the Master Lease terminates, this Agreement and any assignments
hereto shall terminate and the parties shall be relieved of any future liability
or obligation under this Agreement; PROVIDED, HOWEVER, that if the Master Lease
or Master Premises Sublease terminates as a result of a default or breach by
Sublessor or Sublessee under this Agreement, the Master Premises Sublease and/or
the Master Lease, then the defaulting party shall be liable to the nondefaulting
party for the damage suffered as a result of such termination.

         (f) If either of the Master Leases give Sublessor any right to
terminate either of the Master Leases in the event of the partial or total
damage, destruction, or condemnation of the Master Premises or the building or
project of which the Master Premises are a part, the exercise of such right by
Sublessor shall not constitute a default or breach hereunder.

         (g) Notwithstanding the foregoing, Sublessor and Sublessee agree that
the grace period provided to Lessee by the Lessor in the Master Lease shall be
the same grace period provided to Sublessee.

         11. BROKER PARTICIPATION. Sublessor and Sublessee warrant and represent
that they have dealt with no real estate brokers in connection with the
Agreement and that no broker is entitled to any commission on account of this
Agreement.

         12. ATTORNEYS' FEES. If Sublessor or Sublessee shall commence an action
against the other arising out of or in connection with this Agreement, the
prevailing party shall be entitled to recover its costs of suit and reasonable
attorney's fees.

                                      -4-
<PAGE>

         13. NOTICES. All notices and demands that may or are to be required or
permitted to be given by either party on the other hereunder shall be in
writing. All notices and demands shall be sent in person or by United States
certified or registered mail, postage prepaid, and to the address hereinbelow,
or to such other place as the parties may from time to time designate in a
notice to the other.

         To Sublessor:              Ener1 Group, Inc.
                                    550 W. Cypress Creek Road, Suite 120
                                    Fort Lauderdale, FL 33309

         To Sublessee:              Splinex LLC
                                    550 W. Cypress Creek Road, Suite 410
                                    Fort Lauderdale, FL 33309

         14. MAINTENANCE OF PREMISES. Sublessee shall be responsible for
maintenance of the Premises and improvements in accordance with the terms and
conditions of the Master Lease regarding same.

         15. INSURANCE. Sublessee shall maintain at its sole cost throughout the
Term hereof such insurance policies as are required to be maintained by
Sublessor under the Master Leases, naming as the insured, Lessor, Sublessor and
Sublessee, as their respective interests may appear, and contain an endorsement
that such policy shall not be cancelable except upon 30 days prior written
notice to Lessor and Sublessor.

         16. RENEWAL OPTION. Sublessor and Sublessee agree that this Agreement
provides Sublessee with no automatic option to renew this Agreement or enter
into a new lease at the end of the Term either with the Sublessor or with the
Lessor.

         17. INDEMNIFICATION.

                                      -5-
<PAGE>

         (a) Sublessee assumes liability for and hereby agrees to indemnify,
protect, save and keep harmless Sublessor, its agents, employees, officers,
directors, successors and assigns, from and against any and all liabilities,
obligations, losses, damages, penalties, claims, actions, suits, costs and
expenses including reasonable legal expenses incurred by or asserted against
Sublessor, its agents, employees, officers, directors, successors and assigns in
any way relating to or arising out of Sublessee's tenancy, possession or use of
the Premises or Sublessee's performance under this Agreement.

         (b) Sublessor assumes liability for and hereby agrees to indemnify,
protect, save and keep harmless Sublessee, its agents, employees, officers,
directors, successors and assigns from and against any and all liabilities,
obligations, losses, damages penalties, claims, actions suits, costs and
expenses including reasonable legal expenses incurred by or asserted against
Sublessee, its agents, employees, officers, directors, successors and assigns in
any way relating to or arising out of Sublessor's tenancy, possession or use of
the Premises or Sublessor's performance under this Agreement.

         18. ACCESS TO PREMISES. Sublessor acknowledges that it will maintain
access to the Premises for the Sublessee to the same extent as the Sublessor
provides for itself, including providing Sublessee with keys and combinations
(if any) to the Premises.

         19. FURNITURE AND EQUIPMENT. Sublessor agrees to leave all of the
furniture (workstations, chairs, kitchen appliances and file cabinets) and
telephone system (handsets, wiring and processing unit) and the computer cabling
in the Premises for the use at no additional cost by the Sublessee during the
entire term of the Agreement. Sublessee shall be responsible for any maintenance
or repair required to keep this furniture and equipment in good working order
throughout the term of the Agreement. Sublessee agrees to accept ownership of
the furniture and equipment at the end of this Agreement so long as Sublessee is
not in default on any terms and conditions of this Agreement beyond any
permitted cure periods.

         20. CONSENT BY LESSOR. As required under the terms of the Master Lease,
this Agreement shall be of no force or effect unless consented to by Lessor
within 15 days after Agreement signature and presentation to Lessor for
approval.

         21. EXHIBITS. EXHIBITS 1, 2, 3 and 4, and the various attachments and
exhibits contained in each therein, are hereby made a part of this Agreement.

                           (signature page to follow)

                                      -6-
<PAGE>

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

                                     ENER1 GROUP, INC.,
                                     as Sublessor

                                     By: /s/ Mike Zoi
                                        -------------------------------------
                                     Name: Mike Zoi
                                        -------------------------------------
                                     Title: President
                                        -------------------------------------

                                     SPLINEX LLC,
                                     as Sublessee

                                     By: /s/ Peter Novak
                                        -------------------------------------
                                     Name: Peter Novak
                                        -------------------------------------
                                     Title: Director
                                        -------------------------------------

                                      -7-

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