Common Contracts

Energy that is… Beyond Renewable® 14% Convertible Notes due January 1, 2014 UNDERWRITING AGREEMENT

Underwriting Agreement • March 30th, 2009 • Environmental Power Corp • Cogeneration services & small power producers

• Contract Type
  Underwriting Agreement
• Filed
  March 30th, 2009
• Company
  Environmental Power Corp
• Industry
  Cogeneration services & small power producers

Environmental Power Corporation, a Delaware corporation (the “Company”), proposes, subject to the terms and conditions stated herein, to issue and sell to Ziegler Capital Markets (the “Underwriter”) $5,000,000 original principal amount of its 14% Convertible Notes due January 1, 2014 (the “Notes”). The Notes are to be issued under the Indenture for Senior Debt Securities, dated as of March 1, 2009 between the Company and Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as trustee (the “Trustee”), as amended and supplemented by the First Supplemental Trust Indenture, dated as of April , 2009, among the Company and the Trustee and Amendment No. 1 to the First Supplemental Indenture (as so amended and supplemented, the “Indenture”).

14% Convertible Notes due January 1, 2014 UNDERWRITING AGREEMENT

Underwriting Agreement • March 13th, 2009 • Environmental Power Corp • Cogeneration services & small power producers

• Contract Type
  Underwriting Agreement
• Filed
  March 13th, 2009
• Company
  Environmental Power Corp
• Industry
  Cogeneration services & small power producers

Environmental Power Corporation, a Delaware corporation (the “Company”), proposes, subject to the terms and conditions stated herein, to issue and sell to Ziegler Capital Markets (the “Underwriter”) $5,000,000 original principal amount of its 14% Convertible Notes due January 1, 2014 (the “Notes”). The Notes are to be issued under the Indenture for Senior Debt Securities, dated as of March 1, 2009 between the Company and Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as trustee (the “Trustee”), as amended and supplemented by the First Supplemental Trust Indenture, dated as of March 1, 2009, among the Company and the Trustee (as so amended and supplemented, the “Indenture”).