Document:

United States Securities & Exchange Commission EDGAR Filing

EXHIBIT 10.18

“Summary Sheet” of Employment Agreement

With Adrian Goldfarb

Adrian Goldfarb was appointed as the Chief Financial Officer effective as of December 16, 2008.  On this date the Board of Directors approved a financial package and authorized the entry into an Employment Agreement for a term of three years.  Mr. Goldfarb receives an annual base salary of $150,000 per year over a three-year term.  He was previously granted 400,000 five-year stock options exercisable at $0.27 per share, vesting in equal increments on December 20, 2009, 2010, and 2011.  Mr. Goldfarb also received 500,000 five-year stock options exercisable at $0.45 per share which vest in six equal increments each June 30th and December 31st, beginning December 31, 2008.  These options were transferred from WSR, a corporation which Mr. Goldfarb previously was president and which had provided services to the Company, including Mr. Goldfarb’s services.  Additionally, 325,000 of Mr. Goldfarb’s stock options received from WSR, are subject to further vesting based upon a specific performance milestone.United States Securities & Exchange Commission EDGAR Filing

EXHIBIT 10.21

December 22, 2008

WSR Consulting, Inc.

2646 SW Mapp Road

Suite 303

Palm City, FL 34990

Attention: Mr. Gerald N. Kieft, President

Mr. Adrian Goldfarb

7111 Cutter Court

Parkland, FL 33067

Re:

Letter Agreement

Dear Gerald and Adrian:

This letter agreement amends the Consulting Services Agreement effective as of December 20, 2008 by and between Ecosphere Technologies, Inc. (the “Company”) and WSR Consulting, Inc. (“WSR”) (the “WSR Agreement”) it also sets forth the agreement on the part of the Company with respect to 650,000 stock options exercisable at $0.45 per share previously issued to WSR and the transfer of these options to Adrian Goldfarb (“Goldfarb”).  As a result of Goldfarb becoming a full time employee of the Company as of December 20, 2008, resigning as an officer and director of WSR and transferring his shares of WSR back to it, certain agreements are necessary with respect to 100,000 warrants previously issued by the Company to WSR and the 650,000 options.  First, Goldfarb relinquishes any right to and beneficial ownership to the 100,000 warrants.  We respect to the 650,000 options, 150,000 options shall remain beneficially owned by WSR and 500,000 options are by this letter agreement transferred to Goldfarb.  The 150,000 options remaining with WSR are fully vested notwithstanding any prior agreement.  The 500,000 options transferred to Goldfarb shall vest as follows: all 500,000 are subject to time based vesting as provided in the Addendum to Consulting Agreement entered into as of July 3, 2008 between WSR and the Company, except that in lieu of the Consulting Agreement being in effect as of each applicable date, Goldfarb must remain employed by Ecosphere as of each applicable vesting date with the first vesting date beginning December 31, 2008.  In addition, 325,000 of the 500,000 options shall only vest if the Company signs a long-term agreement with a major energy company (which has an affiliate whose common stock is listed on the New York Stock Exchange or the Nasdaq Global Market) for the treatment of industrial waste water including produced water and/or frac flowback water.

Mr. Gerald N. Kieft

Mr. Adrian Goldfarb

December 22, 2008

Page 2

The reference to the granting to WSR of 150,000 warrants exercisable at $0.47 per share was based upon scriveners’ errors and should have referred to the transfer of the 150,000 options as set forth above.  

In all other respects, the WSR Agreement is ratified and confirmed.

Please sign a copy of this letter agreement evidencing your intent to be bound by its terms.

				
	 
	 
	Very truly yours,

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	Patrick Haskell

	 
	 
	Chairman and Chief Executive Officer

	 
	               

	 

	We hereby agree to the foregoing:

	 
	 

	 
	 
	 

	WSR CONSULTING, INC.

	 
	 

	 
	 
	 

	 
	 
	 

	By:

	 
	 
	 

	 
	Gerald N. Kieft, President

	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	Adrian GoldfarbUnited State Securities and Exchange Commission Edgar Filing

Exhibit 10.24

CHARLES VINICK

2323 FOOTHILL LANE

SANTA BARBARA, CALIFORNIA 93105

Telephone 805-884-4953  Mobile 805-252-5421

Charles Vinick (Consultant) is pleased to submit this proposal to provide government relations services to Ecosphere technologies, Inc.  I believe I can offer added value to the Ecospshere management team to help meet the goal of securing federal and/or state funding to assist the development of Ecosphere systems and processes.

The overall goal of this proposal is to secure federal and/or state funding and other support for Ecosphere Technologies with particular priority focus on the Ozonix technology.  Secondary funding priorities include the Emergency Water Filtration System, the Ecos LifeLink, and other applications of the Ecosphere suite of technologies based upon analysis of government funding priorities.  Consultant will work with the Ecosphere management team, primarily Mike Furman and Tim Linnehan, to secure Congressional direction to the appropriate federal agencies to provide federal and other support for Ecosphere’s technology.

Consultant will work together with the Ecosphere management team to refine the project scope to ensure the highest likelihood of achieving Congressional, agency and/or state funding.  We will work together to raise the awareness of the environmental, economic and energy benefits of the Ozonix process with key Federal and state audiences.  We will also investigate alliances and strategic partnerships with trade associations to garner additional support for Ecosphere initiatives, as appropriate.

We will also work to establish contacts and working relationships with key staff and decision makers in the target federal and state agencies, which will likely include the Department of Energy, the Interior Department and Homeland Security, as well as the Small Business Administration.

Consultant proposes to accomplish these goals through close coordination with the Ecosphere management team to:

·

Refine the scope of funding and uses of funds for Ozonix development;

·

Identify and engage appropriate federal agency offices and officials, with a focus on promoting their buy-in for increased funding and “ownership” of Ecosphere objectives; 

·

Identify and engage appropriate Congressional members and staff to secure funding and provide program direction;

·

Identify and engage appropriate state elected officials and state agency personnel to secure funding and other support;

·

Identify and engage other stakeholders with particular emphasis on environmental organizations and trade associations. 

·

Ecosphere management team and consultant will explore and agree to engage additional consultant assistance to the extent that such assistance is affordable and can be helpful.

CHARLES VINICK

2323 FOOTHILL LANE

SANTA BARBARA, CALIFORNIA 93105

Telephone 805-884-4953  Mobile 805-252-5421

To enhance the likelihood of success in this effort, it will be critical for consultant and the Ecosphere management team to work closely together to:

·

Define the Ozonix project scope and key elements for target funding;

·

Draft a two page description of the technology applications and process advantages;

·

Identify precise use of funds and a schedule for project implementation;

·

Develop a pitch document and supporting materials;

·

Develop a presentation that can be readily presented to key Congressional members and staff, committees and agencies.

It is understood that some of the above materials may already exist or may be adapted from materials currently in use by Ecospshere.

Initial planning and scheduling indicates that a minimum of two trips of approximately four days each to Washington D.C. will be needed, one in February and another in March.  Additional travel to Oklahoma and N.Y. may be appropriate.  Every effort will be made to coordinate the timing of travel so that costs can be shared with other clients of the consultant.  All expenses, over $250, will be pre-approved by Ecosphere.

The fee for the services outlined in this proposal will be $7,500 per month, payable in Ecosphere stock (or stock options at the discretion of consultant) beginning February 1, 2009.  The number of shares (or five-year vested options) shall be based upon the closing stock price as of the last trading day of the applicable month.  Additionally, if Ecosphere receives government funding as a result of Consultant’s efforts, Consultant will receive a cash fee of 1% of funds received, even if the term of consulting agreement has expired before funds are received. 

The term of this agreement shall be for up to six-months beginning February 1, 2009 and may be canceled with 30 days notice by either Consultant or Ecosphere Technologies, Inc.

			
	Signed on behalf of Consultant

	 
	Signed on behalf of Ecosphere Technologies, Inc.

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	Charles Vinick

	 
	Patrick Haskell

	 
	 
	Chairman and CEO

	 
	 
	 

	February 4, 2009

	 
	 

	 
	 
	DateUnassociated Document

    Exhibit
10.7

     

    January
28, 2008

    

    Floyd
Warkol, Chief Executive Officer

    KSW
INC.

    37-16
23rd Street

    Long
Island City, NY 11101

    

    Dear Mr.
Warkol:

    

    Bank of
America, N.A, is pleased to renew the availability period for your Two Million
and 100/100 Dollars ($2,000, 000.00) Line of Credit documented by Facility No. 1
of the Loan Agreement dated April 1, 2007 (including any previous amendments,
the “Agreement”). The availability period shall now expire on April 1, 2009 (the
“Expiration Date”). All other terms and conditions of the Agreement shall remain
in full force and effect.

    

    I also
want to take this opportunity to thank you for your business. I believe we can
continue to provide your company with the same high level of customer service
and expertise.

    

    If you
have any questions, please contact your Client Manager, Victoria E. Scolaro at
(631) 547-7720.

    

    

    
      	
              By:

            	
                   

            	
              /s/
      Eileen A. Santucci

            	
                                                                                                     

            
	 
      	 
      	
              Eileen
      A. Santucci, Document Administrator

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00156-of-00352.parquet"}]]