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Exhibit 10.1    
    

AMERICAN DG ENERGY INC.  

Audit Committee Charter

Purpose  

The
purpose of the Audit Committee is to assist the Board of Directors in overseeing the Company's accounting and financial reporting processes and the audits of the Company's financial statements. 

Structure and Membership  

Number.    Except as otherwise permitted by the applicable Nasdaq rules, the Audit Committee shall consist of at least three members of the
Board of Directors. 

Independence.    Except as otherwise permitted by the applicable Nasdaq rules, each member of the Audit Committee shall be independent as
defined by Nasdaq rules, meet the criteria for independence set forth in Rule 10A-3(b)(l) under the Securities Exchange Act (subject to the exemptions provided in
Rule 10A-3(c) under such Act), and not have participated in the preparation of the financial statements of the Company or any current subsidiary of the Company at any time during
the past three years. 

Financial Literacy.    Each member of the Audit Committee must be able to read and understand fundamental financial statements, including the
Company's balance sheet, income statement, and cash flow statement, at the time of his or her appointment to the Audit Committee. In addition, at least one member must have past employment experience
in finance or accounting, requisite professional certification in accounting, or any other comparable experience or background which results in the individual's financial sophistication, including
being or having been a chief executive officer, chief financial officer or other senior officer with financial oversight responsibilities. Unless otherwise determined by the Board of Directors
(in which case disclosure of such determination shall be made in the Company's annual report filed with the Securities and Exchange Commission), at least one member of the Audit Committee shall
be an "audit committee financial expert" (as defined by applicable Securities and Exchange Commission rules). 

Chair.    Unless the Board of Directors elects a Chair of the Audit Committee, the Audit Committee shall elect a Chair by
majority vote. 

Compensation.    The compensation of Audit Committee members shall be as determined by the Board of Directors. No member of the Audit
Committee may receive, directly or indirectly, any consulting, advisory or other compensatory fee from the Company or any of its subsidiaries, other than fees paid in his or her capacity as a member
of the Board of Directors or a committee of the Board. 

Selection and Removal.    Members of the Audit Committee shall be appointed by the Board of Directors, upon the recommendation of the
Nominating and Corporate Governance Committee. The Board of Directors may remove members of the Audit Committee from such committee, with or without cause. 

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Authority and Responsibilities  

General

The
Audit Committee shall discharge its responsibilities, and shall assess the information provided by the Company's management and the independent auditor, in accordance with its business judgment.
Management is responsible for the preparation, presentation, and integrity of the Company's financial statements and for the appropriateness of the accounting principles and reporting policies that
are used by the Company. The independent auditors are responsible for auditing the Company's financial statements and for reviewing the Company's unaudited interim financial statements. The authority
and responsibilities set forth in this Charter do not reflect or create any duty or obligation of the Audit Committee to plan or conduct any audit, to determine or certify that the Company's financial
statements are complete, accurate, fairly presented, or in accordance with generally accepted accounting principles or applicable law, or to guarantee the independent auditor's report. 

Oversight
of Independent Auditors 

Selection.    The Audit Committee shall be solely and directly responsible for appointing, evaluating, retaining and, when necessary,
terminating the engagement of the independent auditor. The Audit Committee may, in its discretion, seek stockholder ratification of the independent auditor it appoints. 

Independence.    The Audit Committee shall take, or recommend that the full Board of Directors take, appropriate action to oversee the
independence of the independent auditor. In connection with this responsibility, the Audit Committee shall obtain and review a formal written statement from the independent auditor describing all
relationships between the auditor and the Company, including the disclosures required by Independence Standards Board Standard No. 1. The Audit Committee shall actively engage in dialogue with
the auditor concerning any disclosed relationships or services that might impact the objectivity and independence of the auditor. 

Compensation.    The Audit Committee shall have sole and direct responsibility for setting the compensation of the independent auditor. The
Audit Committee is empowered, without further action by the Board of Directors, to cause the Company to pay the compensation of the independent auditor established by the Audit Committee. 

Preapproval of Services.    The Audit Committee shall preapprove all audit services to be provided to the Company, whether provided by the
principal auditor or other firms, and all other services (review, attest and non-audit) to be provided to the Company by the independent auditor; provided,
however, that de minimis non-audit services may instead be approved in accordance with applicable Securities and Exchange Commission rules. 

Oversight.    The independent auditor shall report directly to the Audit Committee, and the Audit Committee shall have sole and direct
responsibility for overseeing the work of the independent auditor, including resolution of disagreements between Company management and the independent auditor regarding financial reporting. In
connection with its oversight role, the Audit Committee shall, from time to time as appropriate, receive and consider the reports required to be made by the independent auditor regarding: 

	•
	critical
accounting policies and practices;

	•
	alternative
treatments within generally accepted accounting principles for policies and practices related to material items that have been discussed with Company management,
including ramifications of the use of such alternative disclosures and treatments, and the treatment preferred by the independent auditor; and

	•
	other
material written communications between the independent auditor and Company management. 

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Audited
Financial Statements 

Review and Discussion.    The Audit Committee shall review and discuss with the Company's management and independent auditor the Company's
audited financial statements, including the matters about which Statement on Auditing Standards No. 61 (Codification of Statements on Auditing Standards, AU §380) requires
discussion. 

Recommendation to Board Regarding Financial Statements.    The Audit Committee shall consider whether it will recommend to the Board of
Directors that the Company's audited financial statements be included in the Company's Annual Report on Form 10-K. 

Audit Committee Report.    The Audit Committee shall prepare an annual committee report for inclusion where necessary in the proxy statement
of the Company relating to its annual meeting of security holders. 

Review
of Other Financial Disclosures 

Independent Auditor Review of Interim Financial Statements.    The Audit Committee shall direct the independent auditor to use its best
efforts to perform all reviews of interim financial information prior to disclosure by the Company of such information and to discuss promptly with the Audit Committee and the Chief Financial Officer
any matters identified in connection with the auditor's review of interim financial information which are required to be discussed by applicable auditing standards. The Audit Committee shall direct
management to advise the Audit Committee in the event that the Company proposes to disclose interim financial information prior to completion of the independent auditor's review of interim financial
information. 

Controls
and Procedures 

Oversight.    The Audit Committee shall coordinate the Board of Directors' oversight of the Company's internal control over financial
reporting, disclosure controls and procedures and code of conduct. The Audit Committee shall receive and review the reports of the CEO and CFO required by Rule 13a-14 of the
Securities Exchange Act. 

Procedures for Complaints.    The Audit Committee shall establish procedures for (a) the receipt, retention and treatment of complaints
received by the Company regarding accounting, internal accounting controls or auditing matters and (b) the confidential, anonymous submission by employees of the Company of concerns regarding
questionable accounting or auditing matters. 

Related-Party Transactions.    The Audit Committee shall review all "related party transactions" (defined as transactions required to be
disclosed pursuant to Item 404 of Regulation S-K promulgated
by the Securities and Exchange Commission) on an ongoing basis, and all such transactions must be approved by the Audit Committee. 

Additional Powers.    The Audit Committee shall have such other duties as may be delegated from time to time by the Board of Directors. 

Procedures and Administration  

Meetings.    The Audit Committee shall meet as often as it deems necessary in order to perform its responsibilities. The Audit Committee may
also act by unanimous written consent in lieu of a meeting. The Audit Committee shall periodically meet separately with (a) the independent auditor and (b) Company management. The Audit
Committee shall keep such records of its meetings as it shall deem appropriate. 

Subcommittees.    The Audit Committee may form and delegate authority to one or more subcommittees (including a subcommittee consisting of a
single member), as it deems appropriate 

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from
time to time under the circumstances. Any decision of a subcommittee to preapprove audit, review, attest or non-audit services shall be presented to the full Audit Committee at its
next scheduled meeting. 

Reports to Board.    The Audit Committee shall report regularly to the Board of Directors. 

Charter.    At least annually, the Audit Committee shall review and reassess the adequacy of this Charter and recommend any proposed changes
to the Board of Directors for approval. 

Independent Advisors.    The Audit Committee is authorized, without further action by the Board of Directors, to engage such independent
legal, accounting and other advisors as it deems necessary or appropriate to carry out its responsibilities. Such independent advisors may be the regular advisors to the Company. The Audit Committee
is empowered, without further action by the Board of Directors,
to cause the Company to pay the compensation of such advisors as established by the Audit Committee. 

Investigations.    The Audit Committee shall have the authority to conduct or authorize investigations into any matters within the scope of
its responsibilities as it shall deem appropriate, including the authority to request any officer, employee or advisor of the Company to meet with the Audit Committee or any advisors engaged by the
Audit Committee. 

Funding.    The Audit Committee is empowered, without further action by the Board of Directors, to cause the Company to pay the ordinary
administrative expenses of the Audit Committee that are necessary or appropriate in carrying out its duties. 

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Exhibit 10.2    
    

AMERICAN DG ENERGY INC.  

Compensation Committee Charter

Purpose  

The
purpose of the Compensation Committee is to assist the Board of Directors in the discharge of its responsibilities relating to compensation of the Company's executive officers. 

Structure and Membership  

Number.    The Compensation Committee shall consist of at least two members of the Board of Directors. 

Independence.    Except as otherwise permitted by the applicable rules of Nasdaq, each member of the Compensation Committee shall be an
"independent director" as defined by such rules. 

Chair.    Unless the Board of Directors elects a Chair of the Compensation Committee, the Compensation Committee shall elect a Chair by
majority vote. 

Compensation.    The compensation of Compensation Committee members shall be as determined by the Board of Directors. 

Selection and Removal.    Members of the Compensation Committee shall be appointed by the Board of Directors, upon the recommendation of the
Nominating and Corporate Governance Committee. The Board of Directors may remove members of the Compensation Committee from such committee, with or without cause. 

Authority and Responsibilities  

General

The
Compensation Committee shall discharge its responsibilities, and shall assess the information provided by the Company's management, in accordance with its business judgment. 

Compensation
Matters 

Executive Officer Compensation.    The Compensation Committee, or a majority of the independent directors serving on the Board of Directors,
shall review and approve, or recommend for approval by the Board of Directors, the compensation of the Company's Chief Executive Officer and the Company's other executive officers, including salary,
bonus and incentive compensation levels; deferred compensation; executive perquisites; equity compensation (including awards to induce employment); severance arrangements;
change-in-control benefits and other forms of executive officer compensation. The Compensation Committee or the independent directors, as the
case may be, shall meet without the presence of executive officers when approving or deliberating on Chief Executive Officer compensation but may, in its or their discretion, invite the Chief
Executive Officer to be present during the approval of, or deliberations with respect to, other executive officer compensation. 

Plan Recommendations and Approvals.    The Compensation Committee shall periodically review and make recommendations to the Board of Directors
with respect to incentive-compensation plans and equity-based plans. In addition, in the case of any tax-qualified, non-discriminatory employee benefit plans (and any
parallel nonqualified plans) for which stockholder approval is not sought and pursuant to which options or stock may be acquired by officers, directors, employees or 

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consultants
of the Company, the Compensation Committee, or a majority of the independent directors serving on the Board of Directors, shall approve such plans. 

Administration of Plans.    The Compensation Committee shall exercise all rights, authority and functions of the Board of Directors under all
of the Company's stock option, stock incentive, employee stock purchase and other equity-based plans, including the authority to interpret the terms thereof, to grant options thereunder and to make
stock awards thereunder; provided, however, that, except as otherwise expressly authorized to do so by this charter or a plan or resolution of the Board
of Directors, the Compensation Committee shall not be authorized to amend any such plan. To the extent permitted by applicable law and the provisions of a given equity-based plan, and consistent with
the requirements of applicable law and such equity-based plan, the Compensation Committee may delegate to one or more executive officers of the Company the power to grant options or other stock awards
pursuant to such equity-based plan to employees of the Company or any subsidiary of the Company who are not directors or executive officers of the Company. The Compensation Committee, or a majority of
the independent directors serving on the Board of Directors, shall approve any inducement awards granted in reliance on the exemption from shareholder approval contained in Nasdaq
Rule 4350(i)(1)(A)(iv). 

Director Compensation.    The Compensation Committee shall periodically review and make recommendations to the Board of Directors with respect
to director compensation. 

Compensation Committee Report on Executive Compensation.    The Compensation Committee shall prepare for inclusion where necessary in a proxy
or information statement of the Company relating to an annual meeting of security holders at which directors are to be elected (or special meeting or written consents in lieu of such meeting),
the report described in Item 402(k) of Regulation S-K promulgated by the Securities and Exchange Commission. 

Compensation Committee Report on Repricing of Options/SARs.    If during the last fiscal year of the Company (while the Company was a
reporting company pursuant to Section 13(a) or 15(d) of the
Securities Exchange Act of 1934 and the rules and regulations thereunder (the "Exchange Act")) any adjustment or amendment was made to the exercise price of any stock option or stock
appreciation right previously awarded to a "named executive officer" (as such term is defined from time to time in Item 402(a)(3) of Regulation S-K), the Compensation
Committee shall furnish the report required by Item 402(i) of Regulation S-K. 

Additional Powers.    The Compensation Committee shall have such other duties as may be delegated from time to time by the Board
of Directors. 

Procedures and Administration  

Meetings.    The Compensation Committee shall meet as often as it deems necessary in order to perform its responsibilities. The Compensation
Committee may also act by unanimous written consent in lieu of a meeting. The Compensation Committee shall keep such records of its meetings as it shall deem appropriate. 

Subcommittees.    The Compensation Committee may form and delegate authority to one or more subcommittees as it deems appropriate from time to
time under the circumstances, including (a) a subcommittee consisting of a single member and (b) a subcommittee consisting of at least two members, each of whom qualifies as a
"non-employee director," as such term is defined from time to time in Rule 16b-3 promulgated under the Exchange Act, and as an "outside director," as such term is
defined from time to time in Section 162(m) of the Internal Revenue Code of 1986 and the rules and regulations thereunder. 

Reports to Board.    The Compensation Committee shall report regularly to the Board of Directors. 

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Charter.    The Compensation Committee shall, from time to time as it deems appropriate, review and reassess the adequacy of this Charter and
recommend any proposed changes to the Board of Directors for approval. 

Consulting Arrangements.    The Compensation Committee shall have the authority to retain and terminate any compensation consultant to be used
to assist in the evaluation of executive officer compensation and shall have authority to approve the consultant's fees and other retention terms. The Compensation Committee shall also have authority
to commission compensation surveys or studies as the need arises. The Compensation Committee is empowered, without further action by the Board of Directors, to cause the Company to pay the
compensation of such consultants as established by the Compensation Committee. 

Independent Advisors.    The Compensation Committee is authorized, without further action by the Board of Directors, to engage such
independent legal, accounting and other advisors as it deems necessary or appropriate to carry out its responsibilities. Such independent advisors may be the regular advisors to the Company. The
Compensation Committee is empowered, without further action by the Board of Directors, to cause the Company to pay the compensation of such advisors as established by the Compensation Committee. 

Investigations.    The Compensation Committee shall have the authority to conduct or authorize investigations into  any matters within the
scope of its responsibilities as it shall deem appropriate, including the authority to request any officer, employee or advisor
of the Company to meet with the Compensation Committee or any advisors engaged by the Compensation Committee. 

Funding.    The Compensation Committee is empowered, without further action by the Board of Directors, to cause the Company to pay the
ordinary administrative expenses of the Compensation Committee that are necessary or appropriate in carrying out its duties. 

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QuickLinks

Exhibit 10.2

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