Document:

Exhibit 10.2

[EnerNOC Letterhead]

August
10, 2007

David
B. Brewster

c/o
EnerNOC, Inc.

75
Federal Street

Suite
300

Boston, MA 02110

This letter is to confirm our understanding with
respect to your continued employment by EnerNOC, Inc. (the “Company”) and supersedes
in its entirety (i) the Letter Agreement entered into by you and the Company
dated as of February 7, 2007 (the “Prior Employment Agreement”) and (ii) the
Stock Repurchase Agreement entered into by you and the Company dated as of June
17, 2003 and amended as of January 10, 2005, May 16, 2006 and February 7, 2007
(the “Stock Repurchase Agreement”).

In consideration of the mutual promises and covenants contained
in this Agreement, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby mutually acknowledged, we have agreed,
effective July 1, 2007, as follows:

1.             Employment.

(a)            Subject
to the terms and conditions of this Agreement, the Company will employ you, and
you will be employed by the Company and/or any Company affiliate (collectively
referred to herein as the “Company Group”) designated by the Company, initially
as President  reporting to the
Board of Directors.  You will have
the responsibilities, duty and authority commensurate with the positions of President and Chief Operating Officer.  You will also perform such other and/or
different services for the Company as may be assigned to you from time to time
by the Board of Directors.

(b)           Devotion to Duties.  While you are employed hereunder, you will use
your best efforts, skills and abilities to perform faithfully all duties
assigned to you pursuant to this Agreement and to devote your full business
time and energies to the business and affairs of the Company Group.  While you are employed hereunder, you will
not undertake any other employment from any person or entity without the prior
written consent of the Company.

2.             Employment At Will.  Your employment hereunder will be on an “at-will”
basis and may be terminated by the Company or by you for any reason or for no
reason.

3.             Compensation.

(a)           Base Salary.  During the period that you are
employed by the Company, the Company will pay you a base salary at the annual rate of $300,000 (the “Base
Salary”).

The
Base Salary will be payable in substantially equal installments in accordance
with the Company’s payroll practices as in effect from time to time.  The Company will deduct from each such
installment all amounts required to be deducted or withheld under applicable
law or under any employee benefit plan in which you participate.  You
understand and acknowledge that the annualized amount of the Base Salary is set
forth as a matter of convenience and does not constitute nor will be deemed to
constitute an agreement by the Company to employ you for any specific period of
time.

(b)           Annual Performance Bonus.  You will
be eligible to receive an annual performance bonus pursuant to a bonus plan to
be finalized by the Compensation Committee of the Board of Directors of the Company.  Under such bonus plan you are targeted to
receive a performance bonus equal to 70% of your Base Salary (the “Target
Annual Performance Bonus”) but which the actual amount paid will be based on
whether you achieve performance goals that are identified by the Company in the
bonus plan.

(c)           Fringe Benefits.  You will be entitled to
participate in any employee benefit plans which the Company provides or may
establish for the benefit of its executives generally (for example, group life,
disability, medical, dental and other insurance, retirement, pension,
profit-sharing and similar plans) (collectively, the “Fringe Benefits”),
provided that the Fringe Benefits will not include any stock option or similar
plans relating to the grant of equity securities of the Company.  Your eligibility to participate in the Fringe
Benefits and receive benefits thereunder will be subject to the plan documents
governing such Fringe Benefits.  Nothing
contained herein will require the Company to establish or maintain any Fringe
Benefits.

(d)           Reimbursement of Expenses.  Upon
presentation of documentation of such expenses reasonably satisfactory to the
Company, the Company will reimburse you for all ordinary and reasonable
out-of-pocket business expenses, including parking expenses, that are
reasonably incurred by you in furtherance of the Company’s business in
accordance with the Company’s policies with respect thereto as in effect from
time to time; provided, however, all reimbursements will be made by March 15th of the
year after the year in which the expenses are incurred.

4.             Payments Upon Termination.

(a)           In the event of the termination of your employment hereunder for any
reason or for no reason, the Company (a) will pay to you (or to your estate)
(i) the portion of your Base Salary that has accrued prior to such termination
and has not yet been paid, and (ii) an amount equal to the value of your
accrued unused vacation days; and (b) will reimburse you for expenses properly
incurred by you on behalf of the Company prior to such termination and properly
documented in accordance with Section 3(d) above.  Such amounts will be paid promptly after
termination.

(b)           If the
Company terminates your employment without Cause, or you terminate your
employment with Good Reason, the Company will pay you an amount

equal to your
Severance Compensation in twenty (20) equal monthly installments in arrears commencing
one month after the date of termination and shall also pay you, on the date of
your termination, your Accrued Base Compensation as of the termination
date.  The Company’s obligation to make
such payments to you shall cease upon your material breach of any written
agreement between you and the Company or of any written policy of the Company
by which you are bound, if such breach causes or is likely to cause material
harm to the Company.

(c)           If the
Company terminates your employment at any time for Cause, or upon your death or
Disability, the Company will pay you your Accrued Base Compensation.

(d)           Upon any
termination of your employment with the Company to which Section 4(b) applies,
the Company shall maintain the benefits that you were receiving as of the
termination date and shall take such measures as are permissible under its
medical, life, and disability insurance and any other employee benefit plans or
programs to continue coverage or reimbursement for you (and your family, if
applicable) on the same terms (including any required contribution by you) as
immediately prior to such termination. 
If it is not permissible to continue any such coverage under any such
insurance plans, the Company will pay you on the same schedule as set forth in
Section 4(b), as additional severance compensation, such amount, net of state
and federal income taxes payable by you with respect thereto, as will be
sufficient for you to obtain such insurance coverage on an individual basis
assuming that you (and each member of your family who is to be covered) is a “standard
risk” for insurance purposes.  Your
rights under this Section 4(d) shall continue only for so long as you are
entitled to receive payments of Severance Compensation under Section 4(b).

(e)           Definitions.  As used in this Section 4, the following
terms shall have the following meanings:

(i)            “Accrued
Base Compensation”:  all amounts of
compensation for services rendered to the Company that have been earned or
accrued through the date of your termination of employment but that have not
been paid as of such date including (i) Base Salary, (ii) reimbursement for
reasonable and necessary business expenses incurred by you on behalf of the Company
during the period ending on such date, and (iii) vacation pay; provided, however, that Accrued
Compensation shall not include any amounts described in clause (i) that have
been deferred pursuant to any salary reduction or deferred compensation elections
made by you.

(ii)           “Cause”: (i) willful failure to perform, or
gross negligence in the performance of, your duties for the Company or any of
its affiliates;  (ii) knowing and
material breach by you of any obligation to the Company or any of its affiliates
with respect to confidential information, non-competition, non-solicitation or
the like; (iii) your breach of fiduciary duty, fraud, embezzlement or other
material

dishonesty with
respect to the Company or any of its affiliates; or (iv) your conviction of, or
plea of nolo contendere to, a felony (other than felonies vehicular in nature)
or any other crime involving moral turpitude; provided, however that with
respect to the grounds set forth in Section 4(e)(ii)(i), Cause shall not
be deemed to exist until you have been given written notice of the facts or
circumstances allegedly constituting such grounds and, where reasonably subject
to cure, thirty (30) days to cure.

(iii)          “Change
of Control”:  (i) the sale of all or
substantially all of the assets or issued and outstanding capital stock of the
Company, or (ii) merger or consolidation involving the Company in which
stockholders of the Company immediately before such merger or consolidation do
not own immediately after such merger or consolidation capital stock or other
equity interests of the surviving corporation or entity representing more than
fifty percent in voting power of capital stock or other equity interests of
such surviving corporation or entity outstanding immediately after such merger
or consolidation.

(iv)          “Disability”: a physical or mental
infirmity that impairs your ability to substantially perform your duties with
the Company for six consecutive months.

(v)           “Good
Reason”: (i) a substantial reduction in your then current base salary, without
your consent; or (ii) material and continuing diminution of your title or your responsibilities,
duties and authority in the operation and management of the Company as compared
to such title or responsibilities, duties and authority on the date of this
Agreement, without your consent.

(vi)          “Severance Compensation”: 100% of your
Base Salary and Target Annual Performance Bonus on the effective date of
termination.

(vii)         “Stock Award”: shall mean any grant of
equity under the Company’s Amended and Restated 2003 Stock Option and Incentive
Plan, 2007 Employee, Director and Consultant Stock Plan or any subsequent stock
plan of the Company.

5.             Change of Control.  In the event of a Change of Control in which
the Company is valued at equal to or greater than $75 million, then,
notwithstanding any contrary or inconsistent provision of any Stock Award granted
to you by the Company, an additional number of shares or options equal to one
hundred percent (100%) of the total shares or options in the Stock Award shall,
on the date of the Change of Control, become fully vested and immediately
exercisable.

6.             Parachute Payment.  If any payment or benefit you would receive
under this Agreement, when combined with any other payment or benefit you
receive pursuant to a Change of Control (“Payment”) would (i) constitute a “parachute
payment” within the meaning of Section 280G of the Internal Revenue Code of
1986, as amended (the “Code”), and (ii) but for this sentence, be subject to
the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then
such Payment shall be either (x) the full amount of such Payment or (y) such
lesser amount (with cash payments being reduced before stock option
compensation) as would result in no portion of the Payment being subject to the
Excise Tax, whichever of the foregoing amounts, taking into account the
applicable federal, state and local employment taxes, income taxes, and

the Excise Tax results in your receipt, on an
after-tax basis, of the greater amount of the Payment notwithstanding that all
or some portion of the Payment may be subject to the Excise Tax.

7.             Mutual Release.  Upon any termination of your employment with
the Company to which Section 4(b) applies, you and the Company shall execute a
mutual release.  Your execution of such mutual
release shall be a condition precedent to the effectiveness of Section 4(b) and
4(c).

8.             409A Compliance.

(a)           Notwithstanding any
other provision with respect to the timing of payments under this Agreement,
if, at the time of your termination, you are deemed to be a “specified employee”
of the Company within the meaning of Section 409A of the Code, then limited
only to the extent necessary to comply with the requirements of Section 409A of
the Code, any payments to which you may become entitled under this Agreement
which are subject to Section 409A of the Code (and not otherwise exempt from
its application) will be withheld until the first (1st) business day of the
seventh (7th) month following your termination of employment, at which time you
shall be paid an aggregate amount equal to the accumulated, but unpaid,
payments otherwise due to you under the terms of this Agreement.

(b)           The
Company does not guarantee the tax treatment or tax consequences associated
with any payment or benefit set forth in this Agreement, including but not
limited to consequences related to Section 409A of the Code.  You and the Company agree to both negotiate
in good faith and jointly execute an amendment to modify this Agreement to the
extent necessary to comply with the requirements of Code Section 409A; provided
that no such amendment shall increase the total financial obligation of the
Company under this Agreement.  In the
event that the Company determines in good faith that it is required to withhold
taxes from any payment or benefit already provided to you, you agree to pay to
the Company on demand the amount determined by the Company.

9.             Records.  Upon termination of your employment hereunder
for any reason or for no reason and at any other time requested by the Company,
you will deliver to the Company Group any property of the Company Group which
may be in your possession, including products, materials, memoranda, notes,
records, reports or other documents or photocopies of the same.

10.           Insurance.  The Company, in its sole
discretion, may apply for and purchase key person life insurance on your life
in an amount determined by the Company with the Company Group as beneficiary
and one or more other policies of insurance insuring your life.  You will submit to any medical or other
examinations and to execute and deliver any applications or other instruments
in writing that are reasonably necessary to effectuate such insurance.

11.           Representations.  You hereby represent and warrant to the
Company that you understand this Agreement, that you enter into this Agreement
voluntarily and that your employment under this Agreement will not conflict
with any legal duty owned by you to any other party, or with any agreement to
which you are a party or by which you are bound, 

including, without limitation, any non-competition or
non-solicitation provision contained in any such agreement.  You will indemnify and hold harmless the
Company Group and its officers, directors, security holders, partners, members,
employees, agents and representatives against loss, damage, liability or
expense arising from any claim based upon circumstances alleged to be
inconsistent with such representation and warranty.

12.           General.

(a)           Other Agreements.  The
purpose of this Agreement is to set out the above terms and conditions of your
continued employment with the Company. 
It is intended to and supersedes in its entirety your Prior Employment
Agreement and Stock Repurchase Agreement, which are hereby deemed terminated
and of no further force and effect. 
However, this Agreement is not intended to and does not supersede any
other agreements you may have with the Company, including, but not limited to your  Non-Disclosure Agreement. 
No statement, representation, warranty, covenant or agreement of any kind
not expressly set forth in this Agreement, however, will affect, or be used to
interpret, change or restrict, the express terms and provisions of this
Agreement.

(b)           Modifications and Amendments.  The
terms and provisions of this Agreement may be modified or amended only by
written agreement executed by the parties hereto.

(c)           Waivers and Consents.  The
terms and provisions of this Agreement may be waived, or consent for the
departure therefrom granted, only by written document executed by the party entitled
to the benefits of such terms or provisions. 
No such waiver or consent will be deemed to be or will constitute a
waiver or consent with respect to any other terms or provisions of this
Agreement, whether or not similar.  Each
such waiver or consent will be effective only in the specific instance and for
the purpose for which it was given, and will not constitute a continuing waiver
or consent.

(d)           Assignment.  The Company may assign its
rights and obligations hereunder to any person or entity that succeeds to all
or substantially all of the Company’s business or that aspect of the Company’s
business in which you are principally involved or to any Company
affiliate.  You may not assign your
rights and obligations under this Agreement without the prior written consent
of the Company and any such attempted assignment by you without the prior
written consent of the Company will be void.

(e)           Benefit.  All statements,
representations, warranties, covenants and agreements in this Agreement will be
binding on the parties hereto and will inure to the benefit of the respective
successors and permitted assigns of each party hereto.  Nothing in this Agreement will be construed
to create any rights or obligations except between the Company and you, except
for your obligations to the Company Group as set further herein, and no person
or entity (except for a Company affiliate as set forth herein) will be regarded
as a third-party beneficiary of this Agreement.

(f)            Governing Law.  This Agreement and the rights
and obligations of the parties hereunder will be construed in accordance with
and governed by the law of Massachusetts, without giving effect to the conflict
of law principles thereof.

(g)           Jurisdiction, Venue and Service of Process.   Any legal action or proceeding with respect to
this Agreement will be brought
in the courts of Massachusetts.  By
execution and delivery of this Agreement, each of the parties hereto accepts
for itself and in respect of its property, generally and unconditionally, the
exclusive jurisdiction of the aforesaid courts.

(h)           WAIVER OF JURY TRIAL.  ANY
ACTION, DEMAND, CLAIM OR COUNTERCLAIM ARISING UNDER OR RELATING TO THIS
AGREEMENT WILL BE RESOLVED BY A JUDGE ALONE AND EACH OF YOU AND THE COMPANY
WAIVE ANY RIGHT TO A JURY TRIAL THEREOF.

(i)            Headings and Captions.  The
headings and captions of the various subdivisions of this Agreement are for
convenience of reference only and will in no way modify or affect the meaning
or construction of any of the terms or provisions hereof.

(j)            Counterparts.  This Agreement may be executed
in two or more counterparts, and by different parties hereto on separate
counterparts, each of which will be deemed an original, but all of which
together will constitute one and the same instrument.

(k)           Opportunity to Review.  You
hereby acknowledge that you have had adequate opportunity to review these terms
and conditions and to reflect upon and consider the terms and conditions of
this Agreement, and that you have had the opportunity to consult with counsel
of your own choosing regarding such terms. 
You further acknowledge that you fully understand the terms of this
Agreement and have voluntarily executed this Agreement.

REMAINDER OF PAGE INTENTIONALLY
LEFT BLANK

If
the foregoing accurately sets forth our agreement, please so indicate by
signing and returning to us the enclosed copy of this letter.

	
   

  	
   

  	
  Very truly yours,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  EnerNOC,
  Inc.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Timothy G.
  Healy

  	
   

  
	
   

  	
  Name: Timothy G.
  Healy

  	
   

  
	
   

  	
  Title: Chief
  Executive Officer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Accepted and
  Approved

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ David B.
  Brewster

  	
   

  	
  August 10,
  2007

  	
   

  
	
  David B.
  Brewster

  	
  DateExhibit 10.3

FORM
OF FIRST AMENDMENT

TO SEVERANCE AGREEMENT

Reference
is made to that certain Severance Agreement (the “Agreement”) dated as of February
7, 2007, by and between EnerNOC, Inc., a Delaware corporation (the “Company”),
and                   
(the “Employee”).  Capitalized terms used
and not otherwise defined herein shall have the meanings given to such terms in
the Agreement.

WHEREAS,
the Company through its Compensation Committee and its Board of Directors has
determined that it is in the Company’s interest to modify certain terms of the
Employee’s Agreement; and

WHEREAS,
the Company and the Employee desire to amend the Agreement to (i) increase the
severance amount paid to the Employee in the event the Company terminates the Employee’s
employment without Cause or the Employee terminates his employment for Good
Reason and (ii) additionally accelerate the vesting of Stock Awards in the
event the Employee’s employment is terminated without Cause or the Employee
terminates his employment for Good Reason following a Change of Control; and

WHEREAS,
pursuant to the terms of the Agreement any provision of the Agreement may be modified
or amended if agreed to in a writing signed by the Employee and the Company.

NOW,
THEREFORE, for good and valuable consideration, receipt and sufficiency of
which are hereby acknowledged, the Company and the Employee hereby agree as
follows:

1.             Section 1.2 of the
Agreement is hereby deleted in its entirety, and the following is substituted
therefore:

“1.2.        “Agreed Bonus Target”:  Agreed Bonus Target shall mean the bonus target amount as established from time to time by the
Compensation Committee of the Company’s Board of Directors (the “Compensation
Committee”).”

2.             Section 1.4 of the
Agreement is hereby deleted in its entirety, and the following is substituted
therefore:

 

                “1.4.        “Cause”:
(i) willful failure to perform, or gross negligence in the performance of,
the Employee's duties for the Company or any of its affiliates;
(ii) knowing and material breach by the Employee of any obligation to the
Company or any of its affiliates with respect to confidential information,
non-competition, non-solicitation or the like; (iii) the Employee's breach
of fiduciary duty, fraud, embezzlement or other material dishonesty with respect
to the Company or any of its affiliates; or (iv) the Employee's conviction
of, or plea of nolo contendere to, a felony (other than felonies vehicular in
nature) or any other crime involving moral turpitude; provided,
however that with respect to the grounds set forth in Section 1.4(i), Cause
shall not be deemed to exist until the Employee has been given written notice
of the facts or circumstances allegedly constituting such grounds and, where
reasonably subject to cure, thirty (30) days to cure.

 

3.             Section 1.5 of the
Agreement is hereby deleted in its entirety, and the following is substituted
therefore:

 

“1.5.        “Good Reason”:  (i) a substantial reduction in the
Employee's then current base salary, without the Employee's consent; or
(ii) material and continuing diminution of the Employee's title or the
Employee’s responsibilities, duties and authority in the operation and
management of the Company as compared to such title or responsibilities, duties
and authority on the Effective Date, without the Employee's consent.

4.             Section 1.9 of the
Agreement is hereby deleted in its entirety, and the following is substituted
therefore:

“1.9.        “Severance Compensation”:  100% of the Employee’s Base Salary on the
effective date of termination and the Agreed Bonus Target in effect on the
effective date of termination.”

5.             Section 2.1 of the
Agreement is hereby deleted in its entirety, and the following is substituted
therefore:

 1
 

“2.1.         If the Company terminates
the Employee’s employment without Cause, or the Employee terminates his or her
employment with Good Reason, the Company will pay the Employee an amount equal
to his Severance Compensation in twelve (12) equal monthly installments in
arrears commencing one month after the date of termination and shall also pay
him, on the date of termination, his Accrued Base Compensation as of the
termination date.  The Company’s
obligation to make such payments shall cease upon the Employee’s material
breach of any written agreement between the Company and the Employee or of any
written policy of the Company by which the Employee is bound, if such breach
causes or is likely to cause material harm to the Company.  All payments to be made under Section 2.3
shall be made on the same schedule as set forth in this Section 2.1.”

6.             Section 3.2 of the
Agreement is hereby deleted in its entirety, and the following is substituted
therefore:

“3.2.        If, after a Change of
Control, the Company or the acquiror terminates the Employee’s employment
without Cause, or if the Employee terminates his or her employment for Good
Reason, then, notwithstanding any contrary or inconsistent provision of any
Stock Award granted to the Employee by the Company, an additional number of
shares or options equal to one hundred percent (100%) of the total shares or options
in the Stock Award shall, on the date of termination, become fully vested and
immediately exercisable.”

7.             The Agreement, as
amended by this instrument, is hereby ratified and confirmed in all respects
and shall continue in full force and effect in accordance with its terms.

8.             This Amendment may be
executed in one or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same
instrument.

[Remainder of page is intentionally left blank.]

 2
 

IN WITNESS WHEREOF, the parties hereto have each
caused this Amendment to be duly executed on the date first above written.

	
   

  	
  THE COMPANY:

  
	
   

  	
   

  
	
   

  	
  ENERNOC, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name: Timothy G.
  Healy

  
	
   

  	
  Title: Chief
  Executive Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE EMPLOYEE:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  

 

 3

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