0001137091-09-000131 Sample Contracts

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • March 31st, 2009 • Balqon Corp. • Industrial trucks, tractors, trailors & stackers

This Agreement is made pursuant to the Convertible Promissory Notes, dated as of the date hereof between the Company and the Purchasers (the “Notes”).

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EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • March 31st, 2009 • Balqon Corp. • Industrial trucks, tractors, trailors & stackers • California

THIS EXECUTIVE EMPLOYMENT AGREEMENT (the “Agreement”) dated effective as of October 24, 2008 (“Effective Date”), is made and entered into by and between BALQON CORPORATION, a Nevada corporation (“Employer”), and ROBERT GRUENWALD (“Executive”).

STOCK AND WARRANT PURCHASE AGREEMENT
Stock and Warrant Purchase Agreement • March 31st, 2009 • Balqon Corp. • Industrial trucks, tractors, trailors & stackers • California

THIS STOCK AND WARRANT PURCHASE AGREEMENT (this “Agreement”) is made on the 28th day of August, 2008, by and among BALQON CORPORATION, a California corporation (the “Company”), and MARLIN FINANCIAL GROUP, INC. (the “Investor”).

South Coast Air Quality Management District Contract No. 07293 Standard
Balqon Corp. • March 31st, 2009 • Industrial trucks, tractors, trailors & stackers • California
AMENDMENT NO. 1 TO STOCK AND WARRANT PURCHASE AGREEMENT
Stock and Warrant Purchase Agreement • March 31st, 2009 • Balqon Corp. • Industrial trucks, tractors, trailors & stackers • California

THIS AMENDMENT TO STOCK AND WARRANT PURCHASE AGREEMENT (“Amendment”) is made as of the thirtieth day of March, 2009 by and among Balqon Corporation, a Nevada corporation (the “Company”) and Marlin Financial Group, Inc. (“Marlin”) to be effective as of June 4, 2008.

ASSET PURCHASE AGREEMENT
Asset Purchase Agreement • March 31st, 2009 • Balqon Corp. • Industrial trucks, tractors, trailors & stackers • California

THIS ASSET PURCHASE AGREEMENT, dated as of September 9, 2008 (this “Agreement”), is made between (i) BALQON CORPORATION, INC., a California corporation (“Buyer”), on the one hand, and (ii) ELECTRIC MOTORSPORTS, LLC, an Ohio limited liability company (“EMS”), and Robert Gruenwald, an individual and sole member of EMS (“Gruenwald” and, together with EMS, “Sellers” and each, a “Seller”). with reference to the following facts.

South Coast Air Quality Management District Contract No. 08294 Standard
Balqon Corp. • March 31st, 2009 • Industrial trucks, tractors, trailors & stackers • California
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