Document:

Employment Agreement

 Exhibit 10.7 
 EXECUTIVE EMPLOYMENT AGREEMENT  
 The Executive Employment Agreement
(the “Agreement”) is between GreenCell, Incorporated, a Florida Corp. (the “Company”) and David Burt (the “Employee”). effective as of January 1, 2010 (the “Effective Date”) 

RECITALS: 

WHEREAS, the Company desires that the Employee become the Chief Technology Officer and a Director of the Company. 

WHEREAS, the Employee desires to accept such role under the terms hereof. 
 NOW, THEREFORE, in consideration of the promises and mutual agreements herein set forth, the parties hereby agree as follows: 
 1. Term of Employment. The period of employment of Employee by the Company under the Agreement (the Employment Period) shall be deemed to have commenced on the Effective Date and shall terminate on
December 31, 2012. 
 2. Duties. During his employment by the Company, the Employee shall perform such duties as are customary and typical
by an officer of a publicly traded company, and shall discharge such duties in a professional and diligent manner at all times, to the best of his abilities. Employee’s employment shall also be subject to the policies maintained and established
by the Company, if any, as the same may be amended from time to time. In keeping with these duties, Employee shall make full disclosure to the Board of Directors of all business opportunities pertaining to the business of the Company or its
Affiliates and should not appropriate for Employee’s own benefit business opportunities that fall within the scope of the businesses conducted by the Company and its Affiliates. 
 3. Compensation. The Company shall pay to Employee a base salary of $2,500 per month, plus applicable bonuses as are awarded by the Board of Directors from time to time based on performance, which may
either be paid in stock or cash at the discretion of the Board. 
 4. Reimbursement For Expenses. The Company shall reimburse the Employee
within 30 days of the submission of appropriate documentation, and in no event later than the last day of the calendar year following the year in which an expense was incurred, for all reasonable and approved travel and entertainment expenses and
other disbursements incurred by him for or on behalf of the Company in the course and scope of his employment under the Agreement. 
  

	5.	Termination of Agreement. 

 (a)
Death. The Agreement shall automatically terminate upon the death of Employee. 
 (b) Disability. If, as a result of
Employee’s incapacity due to physical or mental illness, Employee shall have been substantially unable, either with or without reasonable accommodation, to perform his duties hereunder for an entire period of six (6) consecutive months,
and within thirty (30) days after written Notice of Termination is given after such six (6) month period, Employee shall not have returned to the 

 
substantial performance of his duties on a full-time basis, the Company shall have the right to terminate Employee’s employment hereunder for Disability, and such termination in and of
itself shall not be, nor shall it be deemed to be, a breach of the Agreement. Any dispute between the Employee and the Company regarding whether Employee has a Disability shall be determined in writing by a qualified independent physician mutually
acceptable to the Employee and the Company. If the Employee and the Company cannot agree as to a qualified independent physician, each shall appoint a physician and those two physicians shall select a third who shall make such determination in
writing. The determination of Disability made in writing to the Company and Employee shall be final and conclusive for all purposes of the Agreement. Employee acknowledges and agrees that a request by the Company for such a determination shall not
be considered as evidence that the Company regarded the Employee as having a Disability. 
 (c) Termination By Company For
Cause. The Company may terminate the Agreement upon written notice to Employee at any time for “Cause” in accordance with the procedures provided below; 
 (d) For purposes of the Agreement, “Cause” shall mean: 
 (i) the
material breach of any provision of the Agreement by Employee which has not been cured within five business (5) days after the Company provides notice of the breach to Employee; provided, however, if the act or omission that is the subject of
such notice is substantially similar to an act or omission with respect to which Employee has previously received notice and an opportunity to cure, then no additional notice is required and the Agreement may be terminated immediately upon the
Company’s election and written notice to Employee); 
 (ii) the entry of a plea of guilty or judgment entered after trial
finding Employee guilty of a crime punishable by imprisonment in excess of one year involving moral turpitude (meaning a crime that includes the commission of an act of gross dishonesty or bad morals); 

(iii) willfully engaging by Employee in conduct that the Employee knows or reasonably should know is detrimental to the reputation,
character or standing or otherwise injurious to the Company or any of its shareholders, direct or indirect subsidiaries and Affiliates, monetarily or otherwise; 
 (iv) without limiting the generality of Section 6(d)(i), the breach or threatened breach of any of the provisions of Sections 8, 9 or 10; or 

(v) a ruling in any state or federal court or by an arbitration panel that the Employee has breached the provisions of a non-compete or
non-disclosure agreement, or any similar agreement or understanding which would in any way limit, as determined by the Board of Directors of the Company, the Employee’s ability to perform under the Agreement now or in the future. 

(e) Termination By Company Without Cause. The Company, by a vote of a majority of the Board of Directors, may terminate the Agreement at
any time, and for any reason, by providing at least 90 days written notice to Employee. 

 (f) Termination By Employee With Good Reason. Employee may terminate his employment with
good reason anytime after Employee has actual knowledge of the occurrence, without the written consent of Employee, of one of the following events (each event being referred to herein as “Good Reason”): 

(i) Any change in the duties or responsibilities (including reporting responsibilities) of Employee that is inconsistent in any adverse
respect with Employee’s position(s), duties, responsibilities or status with the Company immediately prior to such change (including any diminution of such duties or responsibilities) or (B) an adverse change in Employee’s titles or
offices (including, membership on the Board of Directors) with the Company; 
 (ii) a reduction in Employee’s Base Salary
or Bonus opportunity; 
 (iii) the relocation of the Company’s principal executive offices out of Central Florida;

 (iv) the failure of the Company to continue in effect any material employee benefit plan, compensation plan, welfare benefit
plan or fringe benefit plan in which Employee is participating immediately prior to the date of the Agreement or the taking of any action by the Company which would adversely affect Employee’s participation in or reduce Employee’s benefits
under any such plan, unless Employee is permitted to participate in other plans providing Employee with substantially equivalent benefits; 
 (v) any refusal by the Company to continue to permit Employee to engage in activities not directly related to the business of the Company which Employee was permitted to engage in prior to the date of the
Agreement; 
 (vi) the Company’s failure to provide in all material respects the indemnification set forth in the
Company’s Articles of Incorporation, By-Laws, or any other written agreement between Employee and Company; 
 (vii) the
failure of the Company to obtain the assumption agreement from any successor giving rise to a Change of Control as contemplated in Section 10; 
 (viii) any other breach of a material provision of the Agreement by the Company. 

For purposes of clauses (iii) through (vi) and (ix) above, an isolated, insubstantial and inadvertent action taken in good
faith and which is remedied by the Company within ten (10) days after receipt of notice thereof given by Employee shall not constitute Good Reason. Employee’s right to terminate employment with Good Reason shall not be affected by
Employee’s incapacity due to mental or physical illness and Employee’s continued employment shall not constitute consent to, or a waiver of rights with respect to, any event or condition constituting cause. 

7. Effect of Termination. Upon the termination of the Agreement, no rights of Employee which shall have accrued prior to the date of such termination,
including the right to receive any bonus Fully-Earned through the date of such termination, shall be affected in any way. 
 (a)
Upon Death of Employee. During the Term, if Employee’s employment is terminated due to his death, Employee’s estate shall be entitled to receive the Base 

 
Salary set forth in Section 3 accrued through the date of death and any bonus Fully-Earned (as herein defined) through the date of such termination; provided, however, Employee’s estate
shall not be entitled to any other benefits (except as provided by law or separate agreement). “Fully-Earned” shall mean that for purposes of determining whether the Employee shall be entitled to a bonus, that such Employee shall be
treated as if he had been employed through the last date of the regular period for determining whether or not a bonus is payable in the standard manner that all such employees are evaluated even though Employee is no longer employed by the Company,
and him eligibility for an incentive bonus, if any, shall be determined accordingly. Further, a surviving spouse of Employee shall be eligible for continuation of family benefits pursuant to Section 3(c) subject to compliance with Plan
provisions at the full premium rate (Company plus employee portion) for a one year period after the date of termination. 
 (b)
For Disability; By Company Without Cause; By Employee with Good Reason. 
 If the Agreement is terminated under Section 6
(b), (e) or (f): 
 (i) Employee shall be entitled to receive his Base Salary set forth in Section 3 accrued through
the date of such termination and any bonus Fully-Earned through the date of such termination, and shall receive a severance equal to 12 months salary, paid out in 12 equal monthly installments; and 

(ii) Except as provided for in the Section 7(b), Employee shall not have any rights which have not previously accrued upon
termination of the Agreement. 
 (c) By Company With Cause. In the event of termination of Employee’s employment
Section 6(c) Employee shall be entitled to receive the Base Salary and benefits set forth in Section 3 accrued through the date of termination, and he shall not be entitled to any other benefits (except as required by law). 

 

	8.	Confidential Information. 

 (a)
The Company shall disclose to Employee, or place Employee in a position to have access to or develop, trade secrets or confidential information of Company or its Affiliates; and/or shall entrust Employee with business opportunities of Company or its
Subsidiaries; and/or shall place Employee in a position to develop business good will on behalf of Company or its Subsidiaries. 

(b) The Employee acknowledges that in his employment hereunder he occupies a position of trust and confidence and agrees that he will
treat as confidential and will not, without prior written authorization from the Company, directly or indirectly, disclose or make known to any person or use for her own benefit or gain, the methods, process or manner of accomplishing the business
undertaken by the Company or its Subsidiaries, or any non-public information, plans, formulas, products, trade secrets, marketing or merchandising strategies, or confidential material or information and instructions, technical or otherwise, issued
or published for the sole use of the company, or information which is disclosed to the Employee or in any way acquired by him during the term of the Agreement, or any information concerning the present or future business, processes, or methods of
operation of the Company or its Subsidiaries, or concerning 

 
improvement, inventions or know how relating to the same or any part thereof, it being the intent of the Company, with which intent the Employee hereby agrees, to restrict him from disseminating
or using for his own benefit any information belonging directly or indirectly to the Company which is unpublished and not readily available to the general public. 
 9. Successors and Assigns. The Agreement is personal in its nature and neither of the parties hereto shall, without the consent of the other, assign or transfer the Agreement or any rights or obligations
hereunder, provided, however, that the provisions hereof shall inure to the benefit of, and be binding upon, each successor of the Company, whether by merger, consolidation, acquisition or otherwise, unless otherwise agreed to by the Employee and
the Company. 
 10. Notices. Any notice required or permitted to be given to the Company pursuant to the Agreement shall be sufficiently given
if sent to the Company by registered or certified mail addressed to it at 2295 S. Hiawassee Rd., Ste. 414, Orlando, Fl. 32835, or at such other address as it shall designate by notice to the Employee. 

11. Invalid Provisions. The invalidity or unenforceability of a particular provision of the Agreement shall not affect the enforceability of any other
provisions hereof and the Agreement shall be construed in all respects as if such invalid or unenforceable provision were omitted. 
 12.
Amendments To The Agreement. The Agreement may only be amended in writing by an agreement executed by both parties hereto. 
 13. Entire
Agreement. The Agreement contains the entire agreement of the parties hereto and supersedes any and all prior agreements, oral or written, and negotiations between said parties regarding the subject matter contained herein. 

14. Applicable Law and Venue. The Agreement is entered into under, and shall be governed for all purposes, by the laws of the State of Florida, with
venue of any lawsuit between the parties being in Orange County, Florida. 
 15. No Waiver. No failure by either party hereto at any time to
give notice of any breach by the other party of, or to require compliance with, any condition or provision of the Agreement shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time.

 16. Severability. If a Court of competent jurisdiction determines that any provision of the Agreement is invalid or unenforceable, then the
invalidity or unenforceability of that provision shall not affect the validity or unenforceability of any other provision of the Agreement, and all other provisions shall remain in full force and effect. 

17. Counterparts. The Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which together
will constitute one in the same agreement. 

 18. Withholding of Taxes and Other Employee Deductions. The Company may withhold from any benefits and
payments made pursuant to the Agreement all federal, state, city and other taxes as may be required pursuant to any law or governmental regulation or ruling. 
 19. Indemnification. The Company shall indemnify Employee from any claims, demands or liabilities of any kind or nature arising out of his employment with the Company, that are not the result of his own
actions, or actions within his control. 
 20. Gender Correction and Neutrality. This Agreement may contain one or more references to he or she,
or his or her. It is stipulated and agreed that Employee is a male, and all such references, to the extent they are inconsistent with this, shall be deemed to be corrected 
 In witness whereof, the parties hereto have executed the Agreement as of the day and year above written. 
  

									
	GreenCell, Inc.	 	Employee
					
	Sign :	 	 /s/ Dan Valladao
	 		 	Sign:	 	 /s/ Dan Valladao

	Name:	 	 Dan Valladao
	 		 	Name:	 	 Dan Valladao

	Title:	 	 Chief Executive OfficerLease Agreement

 Exhibit 10.8 
 LEASE AGREEMENT 
 THIS LEASE AGREEMENT is made this
4th day of May, 2010 by and between the Finger
Lakes Economic Development Center, hereinafter referred to as “Landlord”, and Greencell, Inc. hereinafter referred to as “Tenant.” 
 WITNESSETH: 
 1. PREMISES & TITLE 

1.1 For and in consideration of the payment of the rental and performance of the covenants and agreements hereinafter set forth, Landlord
leases to Tenant, and Tenant accepts from Landlord, the premises located at 1 Keuka Business Park, in the Town of Jerusalem, State of New York, and consisting of production space of
                                         9,900
             square feet, along with 4,100              square feet of office space to be shared with SenCer, INC., as agreed
upon with SenCer, Inc., which may be used for common purposes between the two companies, in the building known as the Canandaigua Building and also suite #210 of the Keuka Business Park and more fully shown on Exhibit A, attached hereto and
incorporated herein by this reference (“the Leased Premises”). Nothing about the fact that Tenant may agree to use some space in common with the aforesaid SenCer, Inc. shall relieve Tenant of any of its responsibilities and obligations
under this lease. 
 1.2 Landlord warrants that it has title to the Leased Premises, and that it has the right to lease the same
for the term of this Lease. Landlord covenants that Tenant, upon the payment of the rent herein stipulated and the performance of all the covenants and agreements hereunder, shall have the peaceful and quiet possession, use and enjoyment of the
Leased Premises, without hindrance on the part of the Landlord or any party claiming by, through or under it, for the term of this Lease. 
 1.3 This lease is and shall be subordinate at all times to any mortgage or mortgages which may now be or at any time hereafter shall be placed upon or made a lien upon the said leased premises or any part
thereof and to any extension, spreading, or modification thereof, The Tenant will, without expense to the Landlord, promptly execute and deliver on demand such further and additional instrument or instruments in proper form for recording
subordinating this lease to any such mortgage or mortgages as shall be requested by the Landlord or by any mortgage or proposed mortgage. The Tenant hereby appoints the Landlord the attorney-in-fact of the Tenant revocable to execute and deliver any
such instrument or instruments for and on behalf of and in the name of the Tenant. 
 1.4 The TENANT represents that TENANT has
inspected and examined the premises and accepts them in their present condition. Prior to the commencement of this Lease, Landlord and Tenant shall prepare and sign an inspection report which shall establish the condition of the Leased Premises at
the commencement of the Lease. 

 2. TERM 
 2.1 The term of this Lease shall be for a period commencing on May 1, 2010 and terminating at midnight on April 30, 2011. 

2.2 Tenant shall have the option to cancel this Lease Agreement without penalty only under the following conditions: 

1) Tenant is relocating to another facility inside Yates County, and 

2) Tenant gives at least 90 days notice of such relocation. 
 3. RENTAL 
 3.1 Tenant covenants and agrees to pay to Landlord for the
use and occupancy of the Leased Premises according to the following schedule, commencing on April 1, 2010: 
  

				
	 Lease Dates
	  	Monthly Rental Payment
	 5/1/2010-4/30/2011
	  	$	4,450

 3.2 The
monthly payments to be made at the FLEDC office at 1 Keuka Business Park, Suite 104, Penn Yan, New York. 

3.3 Late payments will be billed 7% interest per annum starting on the 15th of the month, retroactive to the first of that month, for each month
overdue. 
 4. UTILITIES 
 4.1 Landlord shall provide water and sewer utility services for the leased premises. All telecommunications systems are the responsibility of the tenant. 

4.2 Tenant is responsible at their own expense for heating and electrical costs associated with the leased space in Canandaigua Building
through direct billings with the Penn Yan Municipal Utilities Board and NYSEG. 
 Tenant shall pay $450/month as a utility
allowance over the term of the lease for Suite 210 in Keuka Business Park payable in the same terms as Section 3 above. 
 The landlord and tenant shall annually review estimated utility costs and make adjustments to the monthly payment, provided both parties are in agreement, and sign an addendum to be added to this lease
agreement. 
 4.3 In the event of any problem with the electrical service, the Tenant shall first notify the Landlord and
will not contact the Penn Yan Municipal Utilities Board without Landlord’s prior approval. 
 5. USE OF LEASED PREMISES

 5.1 Tenant covenants and agrees that the leased premises shall be used solely and exclusively for the purpose of
production, assembly, warehousing, and distribution of composite material known as “UltraTemp”. 
  

 5.2 Tenant agrees to conduct its business solely within its leased premises. Use of
additional space will require prior written consent of Landlord. 
 5.3 Tenant shall not obstruct any of the roadways extending
through the Leased Premises. 
 5.4 Tenant shall observe and comply with all laws, statutes, ordinances, rules, regulations,
orders and/or directives or governmental authorities pertaining to the manner in which Tenant uses the leased premises. Tenant shall also observe and comply with all reasonable rules and regulations which Landlord may make from time to time for the
management, safety, care, and cleanliness of the building and grounds, the parking of vehicles and the preservation of good order therein as well as for the convenience of other occupants and tenants of the building. The violations of any such rules
and regulations shall be deemed a material breach of this Lease by Tenant 
 5.5 Tenant is strictly prohibited from bringing any
chemicals or toxic materials onto the premises except those materials which will be used directly in the conduct of Tenant’s business as described above (5.1), and in such cases, must be properly stored, dispensed and disposed of in accordance
with all applicable regulations. 
 6. SIGNS 
 Tenant shall not have the right to place signs, lights, poles, or mail boxes in or about the Leased Premises without the prior written consent of Landlord. If that consent is granted, Tenant agrees to
remove all such signs, lights and poles prior to expiration of this Lease, repairing any damage to leased premises caused by such removal, and during the term of this Lease to maintain the same in good condition and repair. 

7. ALTERATIONS, REPLACEMENTS AND IMPROVEMENTS 
 7.1 Tenant may not make any alterations, additions or improvements to the Leased Premises without the prior written consent of Landlord. If such consent is granted and unless expressly agreed otherwise in
writing, Tenant agrees to remove all such alterations, replacements and improvements prior to expiration of this Lease, repairing any damage to the leased premises caused by such removal, and during the term of this Lease to maintain the same in
good condition and repair. 
 7.2 Any such alterations, additions or improvements, unless expressly agreed otherwise, may be
removed by Tenant at any time, provided that Tenant shall repair any damage to the Leased Premises caused by such removal. 

8. REPAIR AND MAINTENANCE 
 8.1 LANDLORD’S REPAIR AND MAINTENANCE. Landlord at its cost shall maintain the following: 
 a. The structural parts of the building and other improvements, that are part of the leased premises which structural parts include the foundations, bearing and exterior walls, subflooring and roof.

 b. The unexposed electrical, plumbing and sewage systems, including, without limitation,
those portions of the systems lying outside the premises. 
 c. The Landlord shall have all snow and ice removed from the
sidewalks leading to the premises as soon as practicable, and see that snow from the parking area is properly and reasonably removed and that all refuse and garbage is removed from the collection area. 

d. The Landlord shall maintain the common areas, parking areas, hallways and stairs and restrooms, in a safe, clean and orderly
condition. 
 8.2 T’ENANT’S REPAIRS AND MAINTENANCE. Tenant at its cost shall perform the following: 

a. Any construction, modification and/or improvements made to the leased premise will be at the expense of the Tenant (unless
otherwise agreed), and will require the approval of the Landlord. Any improvements or modifications performed by, or on behalf of, the Tenant will, at the option of the Landlord, remain as part of the Keuka Business Park at the conclusion of the
lease term. 
 b. Except as provided in paragraph 8.1 above, Tenant at its cost shall maintain the leased premises,
including all janitorial care of the office and restroom facilities associated with this space, and at the expiration of the term of this Lease Agreement, or prior termination, Tenant shall surrender the leased premises to Landlord in the same
condition as received, normal wear and tear, damage from the elements, fire or other casualty, damage Landlord is required to repair hereunder, or damage from the negligence or willful misconduct of Landlord, its agents or employees, excepted.

 c. Tenant also agrees to maintain outdoor areas affected by the operations of the business in an orderly fashion,
including, but not limited to, stacking and disposal of pallets, trash and recycling areas, employee litter and damage to the facilities. 
 9. LIABILITY INSURANCE & INDEMNITY 
 9.1 Tenant shall at all
times during the term hereof, at its own expense, maintain a commercial general liability insurance policy with a One Million Dollar ($1,000,000) combined single limit for any one (1) occurrence, insuring the Landlord and Tenant against
all liability for damages to person or property in or about the Leased Premises. Tenant shall provide to Landlord a current Certificate of Insurance, with the Landlord listed as an additional insured.  

9.2 Tenant shall indemnify and hold Landlord harmless against any and all claims and demands arising from the negligence of the Tenant,
its officers, agents and/or employees, as well as those arising from Tenant’s failure to comply with any covenant of this Lease on its part to be performed, and shall at its own expense defend the Landlord against any and all suits or actions
arising out of such negligence, or failure to comply, actual or alleged, and all appeals therefrom and shall satisfy and discharge any judgment which may be awarded against Landlord in any such suit or action. 

 9.3 Landlord shall maintain in effect at all times insurance against damage or loss to the
leased premises. Insurance on tenant’s contents or business operation shall be the responsibility of the tenant. 
 9.4
Tenant covenants and agrees to pay Landlord an amount equal to the escalation in insurance premiums on the Landlord’s premises arising out of the occupancy of the Tenant. 
 10. WAIVER OF SUBROGATION 
 10.1. The Tenant agrees to waive their rights
of recovery against the landlord that the Tenant may have for any loss or damage to the Tenant’s property including property the Tenant is responsible for covered under any property insurance contract. It further agreed that the Tenant shall
send their insurance agent a copy of this lease to prevent any confusion should there be a loss. 
 11. DESTRUCTION
AND/OR CONDEMNATION OF THE PREMISES 
 11.1 In case of the total or such partial loss of the Leased Premises through fire,
other casualty and/or condemnation, as shall make it impracticable for Tenant’s use as set forth in Paragraph 4.1, this Lease may be terminated at the option of either party on written notice to the other, and in that case, Tenant shall not be
liable for any rent after the date of Tenant’s removal from the Leased Premises. 
 11.2 If the Lease is not terminated
pursuant to Paragraph 10.1, then the rent shall be equitably adjusted to reflect the portion of the Leased Premises that are no longer available for Tenant’s use. 
 12. ASSIGNMENT OR SUBLEASE 
 Tenant shall not have the right to assign this
Lease or sublet the Leased Premises or any part thereof without the prior written consent of Landlord, which consent shall not be unreasonably withheld. 
 13. ACCESS TO LEASED PREMISES 
 Landlord shall have the right to enter the
Leased Premises at all reasonable hours for the purpose of making any repairs, alterations, additions or improvements to the Leased Premises. All such repairs, alterations, additions and improvements shall be done in a manner so as not to
unreasonably interfere with Tenant’s use of the Leased Premises. During the repair period, Tenant’s liability for rent and other sums payable by Tenant hereunder shall be reduced by that amount which bears the same ratio to said rent and
such other sums as the area of the Leased Premises rendered unsuitable by such repair work for the normal operation of Tenant’s business bears to the entire area of the Leased Premises. 

14. DEFAULT BY TENANT 
 14.1 The following shall be deemed a default by Tenant under the terms of the Lease (“Event of Default”): 
 a. The failure by Tenant to pay any rent or other sum of money due hereunder within ten (10) days after written notice from Landlord that such payment has not been made; 

 b. The failure by Tenant to perform any other of the terms, conditions or covenants of this
Lease to be observed or performed by Tenant for more than thirty (30) days after written notice from Landlord of such default, unless such default is of a nature that it cannot practicably be cured within a thirty (30) day period and
Tenant is proceeding with due diligence to cure such default; 
 c. The making by Tenant of an assignment for the benefit of
creditors; 
 d. The filing of a petition by or against Tenant for adjudication as a bankrupt under the Bankruptcy Act, as now
or hereafter amended or supplemented, or for reorganization within the meaning of Chapter XI of the Bankruptcy Act, or the commencement of any action or proceeding for the dissolution or liquidation of Tenant, whether instituted by or against
Tenant, or for the appointment of a receiver or trustee of the property of Tenant, provided that no such filing or proceeding instituted by a third party shall be regarded as a default hereunder if Tenant shall promptly move to have the same
dismissed, rescinded or rendered inoperative and Tenant prosecutes such action with due diligence and continues to perform and discharge all of the covenants and obligations on its part to be performed or discharged under this Lease during the
pendency of such proceedings. 
 14.2 Upon the occurrence of an Event of Default, Landlord shall have the immediate right of
re-entry and possession of the Leased Premises, which right shall remain continuous until such time as Tenant shall have cured such Event of Default. Notwithstanding such re-entry and possession of the Leased Premises by Landlord, Tenant shall
remain liable for the rent and other sums payable hereunder whether or not the Leased Premises are relet by Landlord an for all expenses which Landlord may incur in re-entering the Leased Premises and repairing and maintaining the same less such
proceeds, if any, which may result from the reletting of the Leased Premises. 
 14.3 Additionally, upon the occurrence of any
Event of Default, Landlord shall have the right to terminate this Lease by written notice of such intention to Tenant. In the event Landlord elects to terminate this Lease, Tenant’s liability for rent and other sums payable hereunder and to
perform any other term, condition, covenant or agreement on its part to be performed under this Lease shall cease and terminate as to any period subsequent to the date on which Landlord delivers to Tenant written notice of such termination. Tenant
shall remain liable, however, for all rent and the performance of all terms conditions and agreements relating to matters prior to the date of such termination. 
 14.4 Additionally, the parties agree that any default by the co-tenant, SenCer, Inc. can be treated by Landlord as a default by Tenant as though it was Tenant’s own default. Tenant will be given the
opportunity to cure such default under the terms of this Agreement. Failure of Tenant to successfully cure said default shall give Landlord the right to implement any remedy authorized under the terms of this agreement. 

15. REMEDIES CUMULATIVE 
 No mention in this Lease of any specific right or remedy shall preclude either party from exercising any other right or from having any other remedy or from maintaining any action to which it may be
otherwise entitled either at law or in equity. 

 16. WAIVER 
 The failure of either party to insist in any one or more instances upon a strict performance of any covenant of this Lease or the waiver by either party of any breach of any term, covenant or condition
herein contained shall not be deemed to be a waiver or relinquishment of such term, covenant or condition or any subsequent breach of the same or any other term, covenant or condition herein contained. No covenant, term or condition of this Lease
shall be deemed to have been waived by either party unless waived by written instrument. 
 17. HOLDING OVER 

Any holding over by Tenant, with Landlord’s written consent, after expiration of this Lease shall operate and be construed as a
tenancy from month to month on the same terms, covenants, conditions, provisions and agreements contained in this Lease, except the monthly rent payment shall increase by 100%. 

18. NOTICES 
 All notices as required by any of the terms and conditions of this Lease shall be deemed given when the notice is prepared, adequately addressed and deposited in the United States mail, postage prepaid.
Notices to Landlord and Tenant are adequately addressed as follows: 
  

			
	Landlord:	  	 Finger Lakes Economic Development Center
 1 Keuka Business Park, Suite 104
 Penn Yan, NY 14527

		
	Tenant:	  	 Greencell, Inc.
 1 Keuka
Business Park
 Penn Yan, NY 14527

 19. MECHANICS’ LIENS 
 Tenant shall pay all costs for construction done
by it or caused to be done by it in the leased premises as permitted by this Lease Agreement. Tenant shall keep the building, other improvements, and land of which the leased premises are a part free and clear of all mechanics’ liens resulting
from construction done by or for Tenant. Tenant shall have the right to contest the correctness or the validity of any such lien, if immediately on demand by Landlord, Tenant procures and records a lien release bond issued by a corporation
authorized to issue surety bonds in an amount equal to one and one-half times the amount of the claim of the lien. 
 20.
ATTORNEYS’ FEES 
 If either party becomes a party to any litigation concerning this Lease Agreement, the leased
premises, or the building or other improvements in which the leased premises are located, by reason of any act or omission of the other party or its authorized representatives, and not by any act or

 
omission of the party that becomes a party to that litigation or any act or omission of its authorized representatives, the party that causes the other party to become involved in the litigation
shall be liable to that party for reasonable attorneys’ fees and court costs incurred by it in the litigation. 
 If either
party commences an action against the other party arising out of or in connection with this Lease Agreement, the prevailing party shall be entitled to have and recover from the losing party reasonable attorneys’ fees and costs of suit.

 21. SUCCESSORS AND ASSIGNS 
 This Lease and all its provisions shall be binding upon the heirs, administrators, executors, successors and assigns of the parties hereof. 

IN WITNESS WHEREOF, the respective parties have executed this instrument as of the day and year first hereinabove written. 

 

					
		 	LANDLORD:
		 	Finger Lakes Economic Development Center
			
		 	By:	 	 /s/ Steven Griffen

		 		 	 Steven Griffen
  

August 30, 2010

		
		 	TENANT: Greencell, Inc.
			
		 	By:	 	 /s/ Dan Valladao

		 		 	 Dan Valladao, Chief Executive Officer
  

August 30, 2010

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00181-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00181-of-00352.parquet"}]]