Document:

Cooperation Agreement

 Exhibit 10.1 
 * Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment under Rule 24b-2
promulgated under the Securities Exchange Act of 1934, as amended. 
 COOPERATION AGREEMENT 
 ENTERED INTO this 23rd day of April, 2009, by and among Environmental Power Corporation (“EPC”), a Delaware, USA corporation, and its subsidiary Microgy, Inc., a Colorado, USA corporation formerly known as Microgy Cogeneration
Systems, Inc. (“Microgy”), and Xergi, A.S., a Danish entity (“Xergi”), and its subsidiary Danish Biogas Technology, A.S. (“DBT”), a Danish entity. 
 RECITALS 
 A. Microgy and DBT wish to restructure their relationship in the manner set forth
herein. 
 B. DBT wishes to assist Microgy in financing of the costs of license fees payable or to become payable to DBT in relation to certain of
Microgy’s projects by accepting the Consideration (as defined herein) from EPC in payment of such license fees, and otherwise to further the financing of Microgy’s projects by the agreements set forth herein. 
 FOR GOOD AND VALUABLE CONSIDERATION, the receipt and adequacy of which are hereby acknowledged, and intending to be legally bound, the parties hereto
agree as follows: 
  

	1.	DEFINITIONS 

 The following capitalized terms have the stated meanings (the
singular includes the plural and vice versa): 
  

	1.1.	“Aggregate Payment Amount” has the meaning set forth in Exhibit A. 

  

	1.2.	“Commercial Operation” means when a Project is through performance testing and has sold commercially, or utilized commercially, energy (in the form of gas, electricity,
heat, steam etc.) derived from the operation of the Project. 

  

	1.3.	“Confidential Data” has the meaning set forth in Exhibit A. 

  

	1.4.	“Consideration” has the meaning set forth in Exhibit A. 

  

	1.5.	“Control”, “Controls”, or “Controlled” means possession, directly or indirectly, of the power either to exercise, or to control the exercise of, 50% or
more of the rights to vote at general meetings of a company. 

  

	1.6.	“DBT Technology” means anaerobic-digester plants incorporating above-ground digesters with mixers. 

	1.7.	“Effective Date” means the date as of which EPC tenders the Consideration to DBT in accordance with Article 2 of this Agreement. 

  

	1.8.	“EPC Affiliates” means any person, partnership, joint venture, corporation or other form of enterprise which directly or indirectly Controls, is Controlled by, or is under
common Control with EPC and/or Microgy. 

  

	1.9.	“EPC Parties” means EPC, Microgy, and EPC Affiliates. 

  

	1.10.	“Europe” means Albania, Andorra, Armenia, Austria, Azerbaijan, Belarus, Belgium, Bosnia & Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark,
Estonia, Faroe Islands, Finland, France, Georgia, Germany, Gibraltar, Greece, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Kazakhstan, Kosovo, Latvia, Liechtenstein, Lithuania, Luxembourg, Macedonia, Malta, Moldova, Monaco,
Montenegro, Netherlands, Norway, Poland, Portugal, Romania, Russia, San Marino, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, Ukraine, United Kingdom. 

  

	1.11.	“Future Projects” and “Fees for Future Projects” have the meaning set forth in Exhibit A 

  

	1.12.	“North America” means the United States of America and its possessions and territories, Canada and Mexico. 

  

	1.13.	“Prior Agreements” means the Technology Licensing Agreement dated 12 May 2000 between Microgy and DBT, amended by Addendum of 14 April 2003 and Addendum
No. 2 of 7 March 2005. 

  

	1.14.	“Private Placement Memorandum” means the Confidential Private Placement Memorandum, dated March 30, 2009, prepared by EPC and delivered to DBT prior to the execution
of this Agreement. 

  

	1.15.	“Project” means a facility utilizing DBT Technology. 

  

	1.16.	“ROW” means the World excluding North America and Europe as defined above. 

  

	1.17.	“SEC” means the United States Securities and Exchange Commission. 

  

	1.18.	“Swift Grand Island Fee” has the meaning set forth in Exhibit A. 

  

	1.19.	“Term” means the period of five years commencing as of the Effective Date. 

  

	1.20.	“Xergi Parties” means Xergi and DBT. 

  

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	2.	CLOSING; CONSIDERATION; EFFECTIVE DATE 

  

	2.1.	Closing shall be deemed to take place at the offices of EPC simultaneously with the execution and delivery of this Agreement. Execution may be in counterparts. At the Closing, EPC
shall tender the Consideration to DBT. The Effective Date shall be deemed to have occurred as of said tender. Should EPC fail to tender the Consideration to DBT within 45 days of the date first written above, DBT, at its option and upon written
notice to EPC, may cancel this Agreement. In the event of any such cancellation, the Prior Agreements shall remain in full force and effect, and no party shall have any liability or other obligation to any other party under this Agreement.

  

	2.2.	For the avoidance of doubt, the Effective Date shall only be considered as having occurred to the extent that the Consideration is delivered for the account of DBT in book-entry
form through the facilities of the Depository Trust Company (“DTC”) in the manner described in the Private Placement Memorandum. DBT will cooperate with EPC in the delivery of the Consideration, including, without limitation, by opening
such brokerage or other accounts as may be required to accept delivery of the Consideration in book-entry form through the facilities of DTC. 

  

	2.3.	Notwithstanding anything to the contrary, it is understood and agreed to by the Parties hereto that the obligation of Microgy to pay the Swift Grand Island fee is an absolute
obligation which shall survive any delay in the execution and delivery of this Agreement or cancellation of this Agreement pursuant to any Section of this Article. That is, Microgy shall make payments to DBT pursuant to Paragraph 3 of Exhibit A of
this Agreement regardless of the status of this Agreement at the time such payments are due. Payment of the Swift Grand Island fee pursuant to this Section shall relieve Microgy of any obligation to make any other Swift Grand Island fee payment
pursuant to the Prior Agreements. 

  

	3.	TERMINATION OF PRIOR AGREEMENTS 

 The Prior Agreements shall be deemed to
be terminated by mutual agreement as of the Effective Date. Termination of the Prior Agreements shall in no respect impair (a) the prior grant by DBT of rights to the EPC Parties for the design, construction and/or operation by the EPC Parties
of DBT Technology, or the sublicensing and/or collateral assignment of such rights to third parties in connection with the design, financing, construction and/or operation of such systems, or (b) the prior receipt, through the Effective Date,
by either of the Xergi Parties of payments from the EPC Parties for licensing or design fees, reimbursement of expenses, or any other charges. 
  

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	4.	RELATIONSHIP FROM AND AFTER EFFECTIVE DATE 

  

	4.1.	Subject to the terms of this Agreement, Microgy is hereby granted an irrevocable and perpetual right and license to utilize DBT Technology in the design, construction, and/or
operation by EPC Parties of anaerobic-digesters and related systems. The foregoing grant: 

  

	 	4.1.1.	shall be deemed to be fully paid upon fulfillment of the conditions set forth in Section 5 (PAYMENTS); 

  

	 	4.1.2.	as to North America commences as of the Effective Date, shall be exclusive for the Term (subject to the terms of Section 4.3), and shall be non-exclusive thereafter;

  

	 	4.1.3.	as to Europe commences upon the expiration of the Term and shall be non-exclusive; and 

  

	 	4.1.4.	as to ROW commences as of the Effective Date and shall be non-exclusive. 

  

	4.2.	Commencing as of the Effective Date either the EPC Parties or the Xergi Parties may utilize digester technologies other than DBT Technology in North America, Europe, and/or ROW.

  

	4.3.	Neither of the Xergi Parties may utilize DBT Technology in North America during the Term, except that on a case-by-case basis, DBT is entitled to provide engineering, design,
control systems and technical services related to DBT Technology in Canada and Mexico during the Term so long as (a) the party purchasing these services is not a direct competitor of Microgy and (b) the project is wholly owned by the party
purchasing these services from DBT. The intention of the parties to this Agreement is that projects performed by DBT under this clause are for companies with one to two projects and therefore DBT will be able to service projects in the market that
Microgy will not or cannot service due to lack of resources or interest. Microgy shall be granted a fee equal to 5% of DBT’s turnover in connection with any such project, and DBT shall use its best endeavors to ensure that Microgy is hired to
operate and maintain the project for a minimum of five years. Prior to pursuing any such project, DBT agrees to disclose the intended project to Microgy and Microgy will have 45 days to decide if it will pursue the project. If Microgy elects to
pursue the project, then DBT will not be allowed to pursue the project unless development activities are discontinued by Microgy. If Microgy declines to pursue the project, or discontinues the development of the project, or if the client decides not
to have Microgy design, build, and own the project, then DBT may pursue the project under the above terms, with written declaration by DBT and consent by Microgy (not to be unreasonably withheld or delayed) that one of the referenced criteria is
present. Microgy is obligated to give consent when one the above criteria is clearly present. The consent shall be issued within 21 days of request by DBT. 

  

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	5.	PAYMENTS 

  

	5.1.	Starting from the Effective Date, Microgy shall pay DBT up to the Aggregate Payment Amount for licenses to utilize the DBT Technology on Projects. Once DBT has received the
Aggregate Payment Amount, Microgy shall be released from further obligations with respect to license fees or other payment obligations, and shall be deemed to have a fully paid-up license to utilize DBT Technology in perpetuity.

  

	5.2.	Payments counting toward the Aggregate Payment Amount shall include the following as defined in Exhibit A: 

  

	 	5.2.1.	The Consideration; 

  

	 	5.2.2.	The Swift Grand Island Fee; and 

  

	 	5.2.3.	Fees for Future Projects. 

  

	5.3.	If at the end of the Term the Aggregate Payment Amount has not been received by DBT, all Projects that have secured debt financing or other financing at the end of the Term shall
still be required to pay license fees at the first of (a) when a sum equal to thirty (30%) of the Project’s investment budget has been utilized or (b) first draw of financing even if the first draw occurs after the Term, unless
the Aggregate Payment Amount has been received by DBT. Payment of the license fees in these cases shall be in accordance with the terms and conditions of Fees for Future Projects as set forth in Exhibit A. 

  

	6.	USAGE OF PAYMENTS 

 During the Term the Xergi Parties shall utilize
proceeds received hereunder to support the development of improvements, develop feed pre-treatment technology, post digestion effluent treatment, and biogas utilization technologies. 
  

	7.	OWNERSHIP OF IMPROVEMENTS 

  

	7.1.	Notwithstanding the terms of the Prior Agreements, DBT and Microgy shall be deemed jointly to own all upgrades, modifications, or other changes or enhancements to anaerobic-digester
technology made by Microgy while the Prior Agreements were in effect. 

  

	7.2.	During the Term: 

  

	 	7.2.1.	Microgy shall be offered access in North America to the Xergi Parties’ share of digestion-process technology developed by Novozymes A/S, subject to Microgy bearing all cost and
fees and fulfilling the conditions related thereto; and 

  

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	 	7.2.2.	All improvements, upgrades, modifications, or other changes or enhancements to anaerobic-digester technology made by Xergi Parties shall be shared with Microgy, and all
improvements, upgrades, modifications, or other changes or enhancements to anaerobic-digester technology made by Microgy shall be shared with DBT, each on the basis of good faith and mutual cooperation. 

  

	7.3.	Following the Term, each of Microgy and the Xergi Parties shall own their own improvements, upgrades, modifications, or other changes or enhancements to anaerobic-digester
technology. Sharing-arrangements shall be subject to mutual agreement. 

  

	8.	ADDITIONAL COOPERATION 

  

	8.1.	If Xergi Parties invest in a company or companies that own technology (whether patented or not) for feed pre-treatment, post-digestion effluent treatment, and/or biogas utilization
technologies, nothing in this Agreement shall be construed to limit the ability of these companies to continue to commercialize their technologies in North America. Xergi Parties shall use their best endeavors to secure for Microgy a nonexclusive
right to purchase a build and operate license for the technology for use on Microgy-owned projects, subject to Microgy paying the normal license-fee for the territory as determined by the respective technology-holders. Xergi Parties shall, where
possible, utilize best-efforts to secure for Microgy a right of first refusal to acquire exclusive rights to the applicable territory on the given license-conditions for the market. 

  

	8.2.	In the event that Xergi Parties develop an improvement in collaboration with others, Xergi Parties shall use their best efforts to ensure that Microgy is granted a non-exclusive
right to the improvement, subject to payment of license fee therefor. 

  

	8.3.	Nothing in this Agreement shall be construed to require either party to accept technology that requires additional licensing fees to be paid to any entity. 

 

	9.	CONSULTANCY SUPPORT 

 Upon mutual agreement between Microgy and DBT, DBT
will provide consulting services from time to time to assist Microgy with plant design, process design, and operations. Such consulting services shall be provided at DBT’s established hourly rates at the time of providing the consulting
services and with Microgy bearing all transportation and living expenses for DBT personnel providing consulting services at a site other than the normal working location of such DBT personnel. 
  

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	10.	INTELLECTUAL PROPERTY PROTECTION 

 Throughout the Term, by mutual agreement
the parties may determine to seek patent-protection for any improvements in the DBT Technology. Should the parties so determine, they will cooperate to file all necessary equipment and/or process patents to protect the technology and intellectual
property of either party. Should patents so issue, Microgy and DBT shall be equal owners in said patents and shall share all costs of obtaining and maintaining them. 
  

	11.	NON-COMPETITION 

  

	11.1.	The Xergi Parties covenant that in North America for the Term they shall not, directly or indirectly, develop, construct, acquire, or operate any anaerobic digester utilizing DBT
Technology or system using same, or initiate any of the foregoing activities, or market any anaerobic-digester technologies utilizing DBT Technology or systems using same, subject to the limited authorizations in Canada and Mexico in respect of
certain ancillary services as set forth in Section 4.3 of this Agreement. 

  

	11.2.	The EPC and Microgy covenant that in Europe for the Term neither they nor EPC Affiliates shall, directly or indirectly, develop, construct, acquire, or operate any anaerobic
digester utilizing DBT Technology or system using same, or initiate any of the foregoing activities, or market any anaerobic-digester technologies utilizing DBT Technology or systems using same. 

  

	11.3.	Each party reserves the right to seek and obtain temporary and permanent injunctive relief from a court of competent jurisdiction in the event of a violation of the foregoing
provisions of this section and the parties agree to subject themselves to such courts in any action alleging a violation. If for any reason such relief is not available, an aggrieved party reserves all rights, including the right to repudiate its
corresponding covenant, if still in effect. 

  

	12.	CONFIDENTIALITY 

 Each party shall (a) exercise reasonable care in
disclosing only as much data concerning a digester facility to their partners, professional agents, sub-contractors, and other necessary personnel as is necessary to be able to develop digester projects and (b) maintain the same level of
controls over Confidential Data that it receives from another party as it maintains with respect to its own proprietary information. The parties acknowledge that a willful violation of this section will cause irreparable harm to the other party and
that money damages alone would be insufficient to compensate the injured party for such harm. Accordingly, the injured party shall be entitled to temporary and permanent injunctive relief, including temporary restraining orders, preliminary and

  

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permanent injunctions and orders of specific performance to enforce the obligations under this section without the necessity of proving actual damages or of
posting bond. This provision shall not, however, diminish the injured party’s right to reclaim and recover damages for such willful breach. Notwithstanding the foregoing, any party may disclose Confidential Data to the extent required by law or
legal process. 
  

	13.	ASSIGNMENT 

  

	13.1.	Neither of EPC or Microgy may assign its rights or obligations hereunder without the prior written consent of DBT. None of the Xergi Parties may assign its rights hereunder without
the prior written consent of EPC. The foregoing shall not be construed to restrict assignments to affiliates. Notwithstanding the above, either Party may assign this Agreement along with a sale of the entire assets of that portion of its business to
which the Agreement pertains subject to the consent of the other Party, not to be unreasonably withheld or delayed. It is agreed that it would not be unreasonable to withhold consent if, for example, the buyer of the portion of the business being
sold is purchasing receivables only and not continuing the operation of the business. 

  

	13.2.	Notwithstanding the foregoing, Microgy may, when and if necessary to obtain financing for a project, collaterally assign to the financing party Microgy’s licensing rights until
the applicable loan is repaid in accordance with its terms. In said event, Microgy’s rights to operate DBT Technology, and therefore its ability to collaterally assign the same, shall only accrue when 90% of the applicable Fee for Future
Projects has been paid in accordance with Exhibit A and received by DBT (irrespective of the party paying such fee). Said rights to operate shall be automatically acquired by Microgy upon DBT’s receipt in cleared funds of 90% of the fee to DBT,
and shall not require DBT’s issuance of declaration or sublicense. Any such collateral assignment shall not impact DBT’s obligation to provide Consultancy Support pursuant to Section 9 of this Agreement so long as the fees set forth
therein are duly paid. 

  

	14.	TERMINATION 

  

	14.1.	Either party may terminate this Agreement following a material breach by the other party of any of the provisions of this Agreement that remains uncured for a period of thirty
(30) days after written notice thereof to the breaching party. Any party hereto may seek arbitration as to whether any alleged breach is material as to this Agreement. A party allegedly in material breach may stay termination of this Agreement
pending the outcome of the arbitration proceeding as provided for in Section 18 herein providing that the party deposits in escrow a sum equal to the amount in dispute or secures issuance of a bank guarantee or standby letter of credit in said
amount. Any termination of this Agreement pursuant to this section shall not relieve the breaching Party of liability for damages flowing from the material breach. 

  

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	14.2.	Either party may terminate this agreement immediately upon delivering written notice to the other party upon or after the filing by the other party of a petition in bankruptcy or
insolvency, or an adjudication that the other party is bankrupt or insolvent, or the filing of a petition or answer seeking reorganization, readjustment or rearrangement of its business under any law or government relating to bankruptcy or
insolvency, or the appointment of a receiver for all or substantially all of the property of such other party, or the making of any assignment or attempted assignment for the benefit of creditors. 

  

	15.	GENERAL LIABILITY INSURANCE 

 For each project where a party’s
personnel may be reasonably expected to be at the project site, that party may request one of the other counterparties to include the party as an additional insured on the general-liability insurance policy applicable to the project as a condition
of the party entering the project site. 
  

	16.	REPRESENTATIONS AND WARRANTIES 

 Each party represents and warrants to the
other that: (i) such party is a legal entity, duly formed and validly existing and in good standing under the laws of the state or country of its formation; (ii) it has full power and authority to enter into, execute, deliver, and perform
this Agreement; (iii) the carrying out of the transactions contemplated by this Agreement by such party has been duly authorized; (iv) this Agreement has been duly executed and delivered by such party and constitutes the legal, valid, and
binding obligation of such Party, enforceable against the Party in accordance with the terms hereof, except to the extent that enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws
generally affecting creditors’ rights generally and by equitable principles regardless of whether enforcement is sought in equity or at law; and (v) it is party to no agreement or other obligation, and there is no pending or threatened
litigation or proceeding, that is reasonably likely to have a materially adverse effect upon its ability to perform its obligations under this Agreement; (vi) no authorization, consent, notice to or registration or filing with any governmental
authority is required for the execution, delivery and performance by such party hereof; and (vii) none of the execution, delivery and performance by such party hereof materially conflicts with or will result in a material breach or violation of
any law, contract or instrument to which such party is a party or is bound. 
  

	17.	INDEMNIFICATION 

 EPC and Microgy shall indemnify and hold harmless the
Xergi Parties, their shareholders, directors, officers, employees and agents, from and against any liabilities, losses, costs, damages and expenses (including reasonable attorneys’ fees) arising out of or related to (i) any breach of the
representations, warranties and covenants made by EPC or Microgy; and (ii) any losses, damages, injuries, or death to persons, or damage to property resulting from the negligence, in whole or in part, by the EPC Parties or any of their
employees, agents, representatives, or subcontractors. The Xergi Parties shall indemnify and hold harmless the EPC Parties mutatis mutandis. 
  

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	18.	DISPUTE RESOLUTION 

 Any controversy or dispute arising out of or in
connection with this Agreement, its interpretation, performance or termination, that the parties are unable to resolve within a reasonable time after written notice by one Party to the other of the existence of such controversy or dispute, may be
submitted to arbitration by either Party and if so submitted by either Party, shall be finally settled by arbitration conducted in accordance with the rules of the International Chamber of Commerce, with venue in Paris. Such arbitration shall be
conducted in the English language and the arbitrator shall apply the laws of the locality in which the facility giving rise to the dispute is located or, in the event, no specific facility is involved, the laws of Denmark. The institution of any
arbitration proceedings hereunder shall not relieve any party of its obligation to perform hereunder during the continuance of such arbitration proceeding. The decision of the arbitrator shall be binding and conclusive upon the Parties, their
successors and assigns and they shall comply with such decision in good faith. The Parties agree that any decision of the arbitrator may be enforced by any court having jurisdiction over the Party against whom the award is directed and waive any
jurisdictional defenses against such enforcement. 
  

	19.	ENTIRE AGREEMENT 

 This Agreement represents the entire agreement between
the parties with respect to the subject matter hereof, and no modification hereof shall be effective unless contained in writing executed by both parties. 
  

	20.	WAIVER OF BREACH 

 Waiver by either party of a breach of any provisions
hereof shall not be construed as a waiver of any subsequent breach thereof or of any other provision. 
  

	21.	SEVERABILITY 

 Should any part, term, or provision of this Agreement be
held to be invalid or illegal, the validity of the remaining portions or provisions shall not be affected thereby. 
  

	22.	NOTICE 

 Any notice required herein shall be sent by personal delivery,
certified mail or by a recognized overnight courier service to the party entitled to receipt thereof at the following address: 
  

			
	If to EPC:	 	Environmental Power Corporation
		 	120 White Plains Road, 6th Floor
		 	Tarrytown, NY 10591
		 	Att’n: Chief Executive Officer

  

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	If to Microgy:	 	Microgy, Inc.
		 	120 White Plains Road, 6th Floor
		 	Tarrytown, NY 10591
		 	Att’n: President
		
	If to Xergi:	 	Xergi A/S
		 	Hermesvej 1
		 	9530 Støvring
		 	Denmark
		 	Att’n: Managing Director
		
	If to DBT:	 	Hermesvej 1
		 	9530 Støvring
		 	Denmark
		 	Att’n: Managing Director

 [remainder of page intentionally left blank – signature page follows] 
  

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 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first written above.

  

													
	Microgy, Inc.	 		 	Xergi, A.S.
					
	By:	 	 /s/ Michael Hvisdos
	 		 	By:	 	 /s/ F. Rosager

		 	Its	 	 Executive Vice President
	 		 		 	Its	 	 President, CEO

			
	 Environmental Power Corporation
	 		 	 Danish Biogas Technology, A.S.

					
	By:	 	 /s/ Michael E. Thomas
	 		 	By:	 	 /s/ C. Boyles

		 	Its	 	 Senior VP and CFO
	 		 		 	Its	 	 President

  

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 EXHIBIT A 
 SUPPLEMENTAL DEFINITIONS AND TERMS 
  

	1.	Consideration — Three Million Dollars ($3,000,000) in original principal amount of the Company’s 14% Convertible Notes due January 1, 2014, as described in the
Private Placement Memorandum (the “Notes”). The Consideration is intended as a net transaction in which no cash will change hands, with DBT’s purchase price of $3,000,000 for the Notes being offset in full by a $3,000,000 payment
obligation of Microgy to DBT in respect of the license fees described in this definition. The Notes are accepted by DBT as a financing accommodation to Microgy for the license fees otherwise due on certain projects, as described in the remainder of
this definition. The Consideration shall constitute payment in full of license fees otherwise payable to DBT hereunder in respect of [****] Microgy Projects of Microgy’s choosing, as well as payment in full for DBT’s agreement to waive all
license fees (i.e. no payment of license fees required) on the next [****] large Microgy RNG projects following the later of the Microgy projects for which the Consideration constitutes the license fee. For the [****] Projects covered by the
Consideration, DBT undertakes to issue a declaration that Microgy’s right and license to operate is in full force subject to DBT’s good receipt of the valid Consideration as set forth herein. The Notes are intended to be of the same class
and bear the same terms as any notes issued pursuant to the contemplated public offering referenced on page 3, “Outstanding and Additional Notes”, of the Private Placement Memorandum. The obligation of EPC to deliver the Consideration is
expressly conditioned on the delivery by DBT of the Investment Letter (as defined in the Private Placement Memorandum) and the continued accuracy of the representations and warranties of DBT set forth therein. 

  

	2.	Aggregate Payment Amount — $[****] from the Effective Date (inclusive of the Consideration). Once Microgy is released from further license-fee obligations, Microgy’s
rights to utilize and operate DBT Technology shall be automatic, i.e. without further stipulation or conditions regarding payments or otherwise. 

  

	3.	Swift Grand Island Fee – A payment of [****] ($[****]) Dollars payable as follows: 

 On June 1, 2009 – [****] ($[****]) Dollars 
 On Sept. 1, 2009 – [****] ($[****]) Dollars

 On Nov. 1, 2009 – [****] ($[****]) Dollars 
  

	4.	Future Projects — Projects not including the [****] Projects covered by the Consideration, the [****] no-fee Projects, or Swift Grand Island. 

  

	5.	Fees for Future Projects — Microgy agrees to pay an individual Project license fee of $[**] per cubic meter of aggregate digester volume per Project. [**]% of this fee will be
paid when Microgy completes the initial draw on the Project’s debt funds, or when a sum equal to [**] % of the Project’s investment budget has been utilized, whichever is the sooner. The [**] % balance will be paid when the Project
achieves Commercial Operation. 

  

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	6.	Confidential Data — Data concerning the specific input-rates for manure, substrates, and makeup water, temperature-requirements, residence-times, and agitation-cycles required
to operate systems based on the DBT Technology. Confidential Data shall also include the economic terms of this Agreement, other than the amount of the Consideration. 

  

 14Form of Stock Option Agreement to its Chief Executive Officer

 Exhibit 10.2 
 2009 Incentive Plan Nonstatutory Stock Option Agreement 
 We are pleased to inform you that you have been granted an option
to purchase common stock of PerkinElmer, Inc. (“PerkinElmer”). 
 This agreement evidences the grant by PerkinElmer on [GRANT DATE] (the
“Date of Grant”) to [NAME OF EMPLOYEE] (“You” or the “Participant”), of an option to purchase, in whole or in part, on the terms provided herein and in the Company’s 2009 Incentive Plan (the
“Plan”), a total of [NUMBER] shares of common stock of the Company at $[EXERCISE PRICE] per share. Unless earlier terminated, this option shall expire at 5:00 pm Eastern time on [EXPIRATION DATE] (the “Last Date to
Exercise”). 
 Your grant has been made under the Plan which, together with the terms contained herein, establish the terms and conditions of your
grant (the “Agreement”). The terms of the Plan are incorporated herein by reference. A copy of the Plan has been furnished to you electronically, and is accessible along with this Agreement. Please review the Plan carefully. 
 Vesting: 
 [VESTING TERMS]. Your option may also vest in connection
with a Change in Control Event as described below. 
 Exercise: 
 You may exercise this option, in whole or in part, to purchase a whole number of vested shares at any time, by following the exercise procedures set up by the Company. All exercises must take place by the Last Date to Exercise, or such
earlier date as is set forth below following your death, disability or your ceasing to be an employee, or a Change in Control Event. The number of shares you may purchase as of any date cannot exceed the total number of shares vested by that date,
less any shares you have previously acquired by exercising this option. 
 Employment Requirements: 
 In the event of your termination of employment, retirement, death or total disability, then, subject to the terms described below under “Consequences of a Change in
Control”, the following terms apply: 
  

	•	 	 If your employment is terminated by the Company without cause pursuant to Section 5(f) of your employment agreement with the Company, you will be able to
exercise your stock options that are vested as of your last day of employment through the earlier of the option’s Last Date to Exercise or the first anniversary of the date your employment with the Company terminates

  

	•	 	 If you terminate your employment at or after age 55 and you have 10 years of service at the time of your termination (any termination subject to this bulleted
paragraph, “retirement”, and which, for the avoidance of doubt, shall not include any termination of your employment referenced in the bulleted paragraph immediately below), you will be able to exercise your stock options that are vested
as of your last day of employment through the earlier of the option’s Last Date to Exercise or three (3) years after your last day of employment. All unvested stock options as of your last day of employment will be cancelled as of the
close of business on your last day of employment. 

  

	•	 	 If your employment is terminated due to your death or total disability as determined under the Company’s long term disability program, your unvested options
become 100% vested as of your last day of employment. You, in the event of your total disability, or your estate, in the event of your death, have until the earlier of the option’s Last Date to Exercise or one (1) year after your last day
of employment to exercise your options. 

  

	•	 	 If your employment is terminated and such termination is other than (i) by the Company without cause or (ii) by reason of retirement (as defined below),
death, or total disability, you will be able to exercise your stock options that are vested as of your last day of employment through the earlier of the option’s Last Date to Exercise or three (3) months after your last day of employment.
All unvested stock options as of your last day of employment will be cancelled as of the close of business on your last day of employment. 

 The option may be transferred to your child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law,
including adoptive relationships, any person sharing your household (other than a tenant or employee), a trust in which these persons have more than fifty percent of the beneficial interest, a foundation in which these persons (or you) control the
management of assets, any other entity in which these persons (or you) own more than fifty percent of the voting interests. The transferee shall be subject to all the terms and conditions applicable to this option prior to the transfer. The transfer
shall not be effective until you have notified the Company in writing that the transfer has occurred. Except as provided herein, this option shall not be assignable or transferable by the person to whom it is granted, either voluntarily or by
operation of law, except by will or by the laws of descent and distribution, and, during the life of the optionee, shall be exercisable only by the optionee. 
 Any reference in this Agreement to your “employment” refers to your employment by the Company (as defined in the Plan). 
  
 CEO April 2009 

 Taxes and Withholding: 
 This option is intended to be a nonstatutory stock option. In the event that the Company determines that any federal, state, local or foreign tax or withholding payment is required relating to the exercise or sale of shares arising from
this grant, the Company shall have the right to require such payments from you, or withhold such amounts from other payments due to you from the Company. 
 Agreements with the Company: 
 This stock option grant is subject to the terms and conditions of your signed and executed Prohibited Activity
Agreement and your Employee Patent and Proprietary Information Utilization Agreement. If you terminate your employment with the Company and engage in any Prohibited Activity (as defined the Prohibited Activity Agreement) within two years after you
terminate employment, you will repay to the Company the economic value of any stock option granted to you which is exercised by you at any time after the date which is twelve months prior to the date of your termination of employment. 
 Consequences of a Change in Control: 
 If there is a Change in Control
Event (regardless of whether such event also constitutes a Reorganization Event (as defined in the Plan)) and you were employed by the Company on the effective date of such Change in Control Event, your unvested stock options become 100% vested on
the effective date of such Change in Control Event, and shall remain exercisable through the period ending on the earlier of: 
 1. The later of (i) the
third anniversary of the effective date of such Change in Control Event or (ii) the first anniversary of the date the Employee’s employment with the Company terminates, or 
 2. The option’s Last Date to Exercise. 
 For purposes of this Agreement, a “Change in Control Event” means an
event or occurrence set forth in any one or more of clauses (i) through (iv) below (including an event or occurrence that constitutes a Change in Control Event under one of such clauses but is specifically exempted from another such
clause): 
  

	 	(i)	the acquisition by an individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”) (a “Person”) of beneficial ownership of any capital stock of PerkinElmer if, after such acquisition, such Person beneficially owns (within the meaning of Rule 13d-3 promulgated under the Exchange Act) 20% or more of either
(A) the then-outstanding shares of common stock of PerkinElmer (the “Outstanding PerkinElmer Common Stock”) or (B) the combined voting power of the then-outstanding securities of PerkinElmer entitled to vote generally in the
election of directors (the “Outstanding PerkinElmer Voting Securities”); provided, however, that for purposes of this paragraph (i), none of the following acquisitions of Outstanding PerkinElmer Common Stock or Outstanding PerkinElmer
Voting Securities shall constitute a Change in Control Event: (I) any acquisition directly from PerkinElmer (excluding an acquisition pursuant to the exercise, conversion or exchange of any security exercisable for, convertible into or
exchangeable for common stock or voting securities of PerkinElmer, unless the Person exercising, converting or exchanging such security acquired such security directly from PerkinElmer or an underwriter or agent of PerkinElmer), (II) any acquisition
by PerkinElmer, (III) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by PerkinElmer or any corporation controlled by PerkinElmer, or (IV) any acquisition by any corporation pursuant to a transaction which
complies with subclauses (A) and (B) of clause (iii) of this definition; or 

  

	 	(ii)	such time as directors who are Continuing Directors (as defined below) do not constitute a majority of the Board (or, if applicable, the Board of Directors of a successor
corporation to PerkinElmer), where the term “Continuing Director” means at any date a member of the Board (A) who was a member of the Board on the grant date of your option or (B) who was nominated or elected subsequent to such
date by at least a majority of the directors who were Continuing Directors at the time of such nomination or election or whose election to the Board was recommended or endorsed by at least a majority of the directors who were Continuing Directors at
the time of such nomination or election; provided, however, that there shall be excluded from this clause (B) any individual whose initial assumption of office occurred as a result of an actual or threatened election contest with respect to the
election or removal of directors or other actual or threatened solicitation of proxies or consents, by or on behalf of a person other than the Board; or 

  

	 	(iii)	the consummation of a merger, consolidation, reorganization, recapitalization or statutory share exchange involving PerkinElmer or a sale or other disposition of all or
substantially all of the assets of PerkinElmer (a “Business Combination”), unless, immediately following such Business Combination, each of the following 

  
 CEO April 2009 

	 	 
two conditions is satisfied: (A) all or substantially all of the individuals and entities who were the beneficial owners of the Outstanding PerkinElmer
Common Stock and Outstanding PerkinElmer Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the then-outstanding shares of common stock and the combined voting power of the
then outstanding securities entitled to vote generally in the election of directors, respectively, of the surviving, resulting or acquiring corporation in such Business Combination (which shall include, without limitation, a corporation which as a
result of such transaction owns PerkinElmer or substantially all of PerkinElmer’s assets either directly or through one or more other entities) (such resulting or acquiring corporation is referred to herein as the “Acquiring
Corporation”) in substantially the same proportions as their ownership, immediately prior to such Business Combination, of the Outstanding PerkinElmer Stock and Outstanding PerkinElmer Voting Securities, respectively; and (B) no Person
beneficially owns, directly or indirectly, 20% or more of the then-outstanding shares of common stock of the Acquiring Corporation, or of the combined voting power of the then-outstanding securities of such corporation entitled to vote generally in
the election of directors (except to the extent that such ownership existed prior to the Business Combination); or 

  

	 	(iv)	approval by the stockholders of PerkinElmer of a complete liquidation or dissolution of PerkinElmer. 

  
 CEO April 2009

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