Document:

f10k2013ex10xv_progreen.htm

Exhibit 10.15

 

SALE OF INVESTMENT INTERESTS IN AMERICAN RESIDENTIAL GAP APS

 

It has been agreed that ProGreen Properties, Inc. (“Progreen”), will sell and transfer all of its debentures and shares in American Residential Gap ApS (the “Securities”) to Rupes Futura AB and that Rupes Futura AB will purchase the Securities, as of May 30, 2013, for a total amount of $60,000, payable before June 20, 2013, by wire transfer to:

 

Account no: 01381843189

Routing No: 072 403 473

Bank: Huntington Bank

Swift: HUNTUS33

Account holder: ProGreen Properties, Inc.

 

RUPES FUTURA AB                                                                           PROGREEN PROPERTIES, INC.

 

/s/  Henrik                         By:  /s/ Jan Telander

 

Stockholm May 30, 2013                                                                      Birmingham May 30, 2013f10q0613ex10xxxiii_aristapow.htm

Exhibit 10.33

 

TERMINATION OF EMPLOYMENT AGREEMENT

 

This AGREEMENT (the “Agreement”) is dated as of July 29, 2013 (the “Effective Date”) between ARISTA POWER, INC., a New York corporation (the “Company”), and Ms. Molly Hedges (the “Executive”).

R E C I T A L S:

 

WHEREAS, the Company and the Executive entered into an Employment Agreement on March 1, 2010 (the “Employment Agreement”);

 

WHEREAS, the Company and the Executive each desires to terminate the Employment Agreement on the terms and conditions set forth herein.

P R O V I S I O N S:

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, the parties agree as follows:

1.  Termination of Employment Agreement.  The Employment Agreement is hereby terminated effective as of the Effective Date, and neither party hereto shall have any duty, liability or obligation to the other party or otherwise pursuant to the Employment Agreement as of the Effective Date.  The Executive hereby acknowledges that she is an at-will employee as of the Effective Date.

2.   Miscellaneous.

 

(a)           This Agreement:

(i)            shall constitute the entire agreement between the parties hereto and supersedes all prior agreements, written or oral, concerning the subject matter herein between the Company and the Executive and there are no oral understandings, statements or stipulations bearing upon the effect of this Agreement which have not been incorporated herein;

(ii)            may be modified or amended only by a written instrument signed by each of the parties hereto;

(iii)           shall bind and inure to the benefit of the parties hereto and their respective heirs, successors and assigns;

(iv)           may not be assigned by either party without a written agreement signed by all parties hereto.  Any assignment not signed by all parties is null and void; and

(b)           This Agreement shall be construed in accordance with and governed by the laws of the State of New York without reference to conflict of laws principles.  Any litigation involving this Agreement shall be adjudicated in a court with jurisdiction located in Monroe County, New York and the parties irrevocably consent to the personal jurisdiction and venue of such court.

 

  

  

  

 

(c)           THE PARTIES ACKNOWLEDGE THAT THE EXECUTIVE AND THE COMPANY HAVE EACH BEEN ADVISED THAT IT IS IMPORTANT FOR EACH OF THEM TO SEEK SEPARATE LEGAL ADVISE AND REPRESENTATION IN THIS MATTER.

 

[Signature Page Follows]

 

  

  

  

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

	
ARISTA POWER, INC.

	  	  
	
By:

	
/s/ William Schmitz

	  	
Name: William A. Schmitz

	  	
Title: Chief Executive Officer

 

 

/s/Molly Hedges

Molly Hedgesf10q0613ex10xxxiv_aristapow.htm

Exhibit 10.34

 

TERMINATION OF EMPLOYMENT AGREEMENT

This AGREEMENT (the “Agreement”) is dated as of July 29, 2013 (the “Effective Date”) between ARISTA POWER, INC., a New York corporation (the “Company”), and Mr. Mark Matthews (the “Executive”).

R E C I T A L S:

WHEREAS, the Company and the Executive entered into an Employment Agreement on December 17, 2009 (the “Employment Agreement”);

 

WHEREAS, the Company and the Executive each desires to terminate the Employment Agreement on the terms and conditions set forth herein.

P R O V I S I O N S:

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, the parties agree as follows:

1.   Termination of Employment Agreement.  The Employment Agreement is hereby terminated effective as of the Effective Date, and neither party hereto shall have any duty, liability or obligation to the other party or otherwise pursuant to the Employment Agreement as of the Effective Date.  The Executive hereby acknowledges that he is an at-will employee as of the Effective Date.

2.            Miscellaneous.

(a)           This Agreement:

(i)           shall constitute the entire agreement between the parties hereto and supersedes all prior agreements, written or oral, concerning the subject matter herein between the Company and the Executive and there are no oral understandings, statements or stipulations bearing upon the effect of this Agreement which have not been incorporated herein;

(ii)           may be modified or amended only by a written instrument signed by each of the parties hereto;

(iii)           shall bind and inure to the benefit of the parties hereto and their respective heirs, successors and assigns;

(iv)           may not be assigned by either party without a written agreement signed by all parties hereto.  Any assignment not signed by all parties is null and void; and

(b)           This Agreement shall be construed in accordance with and governed by the laws of the State of New York without reference to conflict of laws principles.  Any litigation involving this Agreement shall be adjudicated in a court with jurisdiction located in Monroe County, New York and the parties irrevocably consent to the personal jurisdiction and venue of such court.

 

  

  

  

 

(c)           THE PARTIES ACKNOWLEDGE THAT THE EXECUTIVE AND THE COMPANY HAVE EACH BEEN ADVISED THAT IT IS IMPORTANT FOR EACH OF THEM TO SEEK SEPARATE LEGAL ADVISE AND REPRESENTATION IN THIS MATTER.

[Signature Page Follows]

 

  

  

  

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

	
ARISTA POWER, INC.

	  	  
	
By:

	
/s/ William Schmitz

	  	
Name:  William A. Schmitz

	  	
Title:    Chief Executive Officer

/s/ Mark Matthews

Mark Matthewsf10q0613ex10xxxv_aristapow.htm

Exhibit 10.35

 

TERMINATION OF EMPLOYMENT AGREEMENT

This AGREEMENT (the “Agreement”) is dated as of July 29, 2013 (the “Effective Date”) between ARISTA POWER, INC., a New York corporation (the “Company”), and Mr. Adeeb Saba (the “Executive”).

R E C I T A L S:

WHEREAS, the Company and the Executive entered into an Employment Agreement on December 28, 2009 (the “Employment Agreement”);

 

WHEREAS, the Company and the Executive each desires to terminate the Employment Agreement on the terms and conditions set forth herein.

P R O V I S I O N S:

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, the parties agree as follows:

1.   Termination of Employment Agreement.  The Employment Agreement is hereby terminated effective as of the Effective Date, and neither party hereto shall have any duty, liability or obligation to the other party or otherwise pursuant to the Employment Agreement as of the Effective Date.  The Executive hereby acknowledges that he is an at-will employee as of the Effective Date.

2.            Miscellaneous.

(a)           This Agreement:

(i)           shall constitute the entire agreement between the parties hereto and supersedes all prior agreements, written or oral, concerning the subject matter herein between the Company and the Executive and there are no oral understandings, statements or stipulations bearing upon the effect of this Agreement which have not been incorporated herein;

(ii)           may be modified or amended only by a written instrument signed by each of the parties hereto;

(iii)           shall bind and inure to the benefit of the parties hereto and their respective heirs, successors and assigns;

(iv)           may not be assigned by either party without a written agreement signed by all parties hereto.  Any assignment not signed by all parties is null and void; and

(b)           This Agreement shall be construed in accordance with and governed by the laws of the State of New York without reference to conflict of laws principles.  Any litigation involving this Agreement shall be adjudicated in a court with jurisdiction located in Monroe County, New York and the parties irrevocably consent to the personal jurisdiction and venue of such court.

 

  

  

  

 

(c)           THE PARTIES ACKNOWLEDGE THAT THE EXECUTIVE AND THE COMPANY HAVE EACH BEEN ADVISED THAT IT IS IMPORTANT FOR EACH OF THEM TO SEEK SEPARATE LEGAL ADVISE AND REPRESENTATION IN THIS MATTER.

 

 

[Signature Page Follows]

 

  

  

  

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

	
ARISTA POWER, INC.

	  	  
	
By:

	
/s/William Schmitz

	  	
Name: William A. Schmitz

	  	
Title:   Chief Executive Officer

 

 

/s/Adeeb Saba

Adeeb Sabaf10q0613ex10xxxvi_aristapow.htm

Exhibit 10.36

 

TERMINATION OF EMPLOYMENT AGREEMENT

This AGREEMENT (the “Agreement”) is dated as of July 29, 2013 (the “Effective Date”) between ARISTA POWER, INC., a New York corporation (the “Company”), and Mr. William Schmitz (“Mr. Schmitz” or “Executive”).

R E C I T A L S:

WHEREAS, the Company and the Executive entered into an Employment Agreement on November 15, 2009 (the “Employment Agreement”);

 

WHEREAS, the Company and the Executive each desires to terminate the Employment Agreement on the terms and conditions set forth herein.

P R O V I S I O N S:

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, the parties agree as follows:

1.   Termination of Employment Agreement.  The Employment Agreement is hereby terminated effective as of the Effective Date, and neither party hereto shall have any duty, liability or obligation to the other party or otherwise pursuant to the Employment Agreement as of the Effective Date.  The Executive hereby acknowledges that he is an at-will employee as of the Effective Date.

2.            Miscellaneous.

(a)           This Agreement:

(i)           shall constitute the entire agreement between the parties hereto and supersedes all prior agreements, written or oral, concerning the subject matter herein between the Company and the Executive and there are no oral understandings, statements or stipulations bearing upon the effect of this Agreement which have not been incorporated herein;

(ii)           may be modified or amended only by a written instrument signed by each of the parties hereto;

(iii)          shall bind and inure to the benefit of the parties hereto and their respective heirs, successors and assigns;

(iv)          may not be assigned by either party without a written agreement signed by all parties hereto.  Any assignment not signed by all parties is null and void; and

(b)           This Agreement shall be construed in accordance with and governed by the laws of the State of New York without reference to conflict of laws principles.  Any litigation involving this Agreement shall be adjudicated in a court with jurisdiction located in Monroe County, New York and the parties irrevocably consent to the personal jurisdiction and venue of such court.

 

  

  

  

 

(c)           THE PARTIES ACKNOWLEDGE THAT THE EXECUTIVE AND THE COMPANY HAVE EACH BEEN ADVISED THAT IT IS IMPORTANT FOR EACH OF THEM TO SEEK SEPARATE LEGAL ADVISE AND REPRESENTATION IN THIS MATTER.

[Signature Page Follows]

 

  

  

  

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

	
ARISTA POWER, INC.

	  	  
	
By:

	
/s/Molly Hedges

	  	
Name: Molly Hedges

	  	
Title: Chief Financial Officer

/s/William Schmitz

William Schmitz

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