<SEC-DOCUMENT>0001065949-16-000334.txt : 20160126
<SEC-HEADER>0001065949-16-000334.hdr.sgml : 20160126
<ACCEPTANCE-DATETIME>20160126164916
ACCESSION NUMBER:		0001065949-16-000334
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160120
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160126
DATE AS OF CHANGE:		20160126

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Envision Solar International, Inc.
		CENTRAL INDEX KEY:			0001398805
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				208457250
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-53204
		FILM NUMBER:		161362192

	BUSINESS ADDRESS:	
		STREET 1:		7675 DAGGET STREET
		STREET 2:		SUITE 150
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92111
		BUSINESS PHONE:		858-799-4583

	MAIL ADDRESS:	
		STREET 1:		7675 DAGGET STREET
		STREET 2:		SUITE 150
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92111

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Casita Enterprises, Inc.
		DATE OF NAME CHANGE:	20070508
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>evsi8kjan262016.htm
<TEXT>
<html>



<body lang=EN-US>



<p class=MsoNormal align=center style='text-align:center;line-height:normal'><b>UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
</b><b>Washington,
D.C. 20549</b></p>

<p class=MsoNormal align=center style='text-align:center;line-height:normal'><b>FORM 8-K</b></p>

<p class=MsoNormal align=center style='text-align:center;line-height:normal'><b>CURRENT REPORT<br>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</b></p>

<p class=MsoNormal align=center style='text-align:center;line-height:normal'><b>
Date of Report (Date of earliest event reported): January 20, 2016</b> </p>

<p class=MsoNormal align=center style='text-align:center;line-height:normal'><b>ENVISION SOLAR INTERNATIONAL,
INC.<br>
</b>(Exact
name of registrant as specified in its charter) </p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%'>
 <tr>
  <td width="32%" style='width:32.0%;padding:0in 0in 0in 0in'>

  </td>
  <td width="1%" style='width:1.0%;padding:0in 0in 0in 0in'>

  </td>
  <td width="33%" style='width:33.0%;padding:0in 0in 0in 0in'>

  </td>
  <td width="1%" style='width:1.0%;padding:0in 0in 0in 0in'>

  </td>
  <td width="32%" style='width:32.0%;padding:0in 0in 0in 0in'>

  </td>
 </tr>
 <tr>
  <td valign=bottom style='border:none;border-bottom:solid black 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal'><b>Nevada</b></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>

  </td>
  <td valign=bottom style='border:none;border-bottom:solid black 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal'><b>000-53204</b></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>

  </td>
  <td valign=bottom style='border:none;border-bottom:solid black 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal'><b>26-1342810</b></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal'>(State or other Jurisdiction of Incorporation)</p>
  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>

  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal'>(Commission File Number)</p>
  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>

  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal'>(IRS Employer Identification No.)</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding:0in 0in 0in 0in'>
  &nbsp;</td>
  <td valign=top style='padding:0in 0in 0in 0in'>

  &nbsp;</td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  &nbsp;</td>
  <td valign=top style='padding:0in 0in 0in 0in'>

  &nbsp;</td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  &nbsp;</td>
 </tr>
</table>

</div>



<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%'>
 <tr>
  <td width="49%" style='width:49.0%;padding:0in 0in 0in 0in'>

  </td>
  <td width="1%" style='width:1.0%;padding:0in 0in 0in 0in'>

  </td>
  <td width="49%" style='width:49.0%;padding:0in 0in 0in 0in'>

  </td>
 </tr>
 <tr>
  <td valign=bottom style='border:none;border-bottom:solid black 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal'><b>9270 Trade Place, San Diego, CA</b></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>

  </td>
  <td valign=bottom style='border:none;border-bottom:solid black 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal'><b>92126</b></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal'>(Address of Principal Executive Offices)</p>
  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>

  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:.0001pt;
  text-align:center;line-height:normal'>(Zip Code)</p>
  </td>
 </tr>
</table>

</div>

<p class=MsoNormal align=center style='text-align:center;line-height:normal'>Registrant's telephone
number, including area code: <b>(858) 799-4583</b> </p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="30%"
 style='width:30.0%'>
 <tr style='height:14.85pt'>
  <td width="100%" style='width:100.0%;padding:0in;height:14.85pt;&gt;

  &nbsp;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr&gt;
  &lt;td nowrap style='border:none;border-bottom:solid black 1.0pt;padding:0in 0in 0in 0in'>

  <p style="margin-top: 0; margin-bottom: 0">

  </td>
 </tr>
 <tr>
  <td nowrap style='padding:0in 0in 0in 0in'>
  <div style="border-top-style: solid">
  <p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:0;
  text-align:center;margin-top:0'>(Former name or former address if changed
  since last report.)</p>
  </div>
  </td>
 </tr>
</table>

</div>

<p class=MsoNormal style='line-height:normal'>Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions: </p>

<p class=MsoNormal style='line-height:normal'>o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<br>
<br>
o Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
<br>
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))<br>
<br>
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</p>



<hr color="#000080"><br clear=all
style='page-break-before:always'>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:0;text-align:
justify;line-height:normal;page-break-after:avoid; margin-top:0'><b>SECTION 5.
CORPORATE GOVERNANCE AND MANAGEMENT</b></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:0;text-align:
justify;line-height:normal;page-break-after:avoid; margin-top:0'>&nbsp;</p>



<p class=MsoNormal style='margin-top:0;margin-right:0in;margin-bottom:0in;
margin-left:0.5in;margin-bottom:0;text-align:justify;line-height:normal'><b>Item
5.02. Departure of Directors and Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</b></p>



<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal">
On January 20, 2016, Envision Solar International, Inc., a Nevada corporation
(the &quot;Company&quot;) entered into a Note Settlement and General Release Agreement
with Mr. Robert Noble, a former director of the Company (the &quot;Agreement&quot;).&nbsp; Mr.
Noble is the holder of that certain secured convertible promissory note, dated
June 30, 2015, in the principal amount of $600,000 with accrued but unpaid
interest of approximately $126,032.91 as of December 17, 2015 (the &quot;Note&quot;),
accruing at the simple rate of 10% per annum.&nbsp; In connection with Mr. Noble's
resignation from the Company's Board of Directors, the Company made a payment in
the amount of $100,000 (the &quot;Payment&quot;) to Mr. Noble on the Note. The Payment was
made on December 24, 2015 and the Company accepted Mr. Noble's resignation as a
director of the Company effective on December 24, 2015.&nbsp; The Company and Mr.
Noble also agreed to extend the maturity date of the Note to March 31, 2016, or
longer if agreed in writing by both parties. &nbsp;Mr. Noble has also agreed not to
exercise any conversion rights on any derivative securities in the Company held
by him at any time until the earlier of (i) September 30, 2016 or (ii) the
recording of an amendment to the Company's Articles of Incorporation increasing
the number of authorized shares of its common and preferred stock.&nbsp; </p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal"></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal">
Effective January 20, 2016, Mr. Noble entered into a Purchase Option
Agreement with a firm affiliated with Jay S. Potter, a director of the Company
(the &quot;Optionee&quot;),
pursuant to which the Optionee has the right to purchase or arrange for the
purchase of the Note from Mr. Noble and all of Mr. Noble's shares in the Company
(the &quot;Option&quot;), at any time until March 31, 2016.&nbsp; The Company has consented to
the Purchase Option Agreement.&nbsp; Under the Note Settlement and General Release
Agreement, provided that the Option is fully exercised and honored, the Company
agreed to grant Mr. Noble the right to acquire, for one dollar, at any time
until June 30, 2017, a worldwide, perpetual, irrevocable, nonexclusive,
royalty-free license to utilize all of the Company intellectual property
developed prior to January 1, 2011, except for the following: (i) EV ARC&trade; and
(ii) EnvisionTrak&trade;.&nbsp; Mr. Noble will have the right to photograph projects that
were installed or planned prior to January 1, 2011 and to utilize such
photographs in his business activities.</p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal"></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal">
The foregoing license would include all documentation and trademarks, including,
but not limited to, photo, animations, logos, design, and engineering drawings,
of all pre-January 1, 2011 Company intellectual property and trademarks.&nbsp; Mr.
Noble will have the right to publish his license rights, and when contacted by
Mr. Noble or a third party, the Company will confirm that the foregoing license
rights belong to Mr. Noble.&nbsp; Provided the Option is exercised in full and Mr.
Noble complies with it, the Company will extend the expiration date of the
1,138,120 warrants to purchase 1,138,120 shares of the Company's common stock
owned by Mr. Noble (the &quot;Warrants&quot;) from December 31, 2016 to December 31, 2017,
and will reduce the exercise price of such Warrants from $0.24 to $0.20 per
share.</p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal"></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal">
A copy of the Agreement is attached to this Report as Exhibit 10.1.</p>

<p align="center">-1- </p>
<hr color="#000080"><br clear=all
style='page-break-before:always'>
<p class=MsoNormal style='margin-bottom:0in;margin-bottom:0;text-align:
justify;margin-top:0'><b>SECTION 9. FINANCIAL STATEMENTS, PRO FORMA FINANCIALS
&amp; EXHIBITS</b></p>





<p class=MsoNormal style='margin-bottom:0in;margin-bottom:0;text-align:
justify;margin-top:0'>&nbsp;</p>





<p class=MsoNormal style='margin-bottom:0in;margin-bottom:0;text-align:
justify;margin-top:0; margin-left:0.5in'>(d) Exhibits</p>





<p class=MsoNormal style='margin-bottom:0in;margin-bottom:0;text-align:
justify;margin-top:0; margin-left:0.5in'>&nbsp;</p>





<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="AutoNumber1">
  <tr>
    <td width="10%">
    <p style="margin-left: 0.5in">10.1</td>
    <td width="90%">
    <p style="margin-left: 0.5in">Note Settlement and General Release Agreement,
    dated January 20, 2016, by and between the Company and Robert Noble</td>
  </tr>
</table>



<p class=MsoNormal><b>&nbsp;</b></p>

<p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal'><b>SIGNATURES</b></p>

<p class=MsoNormal style='text-indent:24.5pt;line-height:normal'>Pursuant to the
requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized. </p>



<p class=MsoNormal style='text-indent:24.5pt;line-height:normal'>&nbsp;</p>



<p class=MsoNormal style='margin-left:3.0in;line-height:normal'>ENVISION SOLAR
INTERNATIONAL, INC. </p>

<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>&nbsp;</p>

<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>Dated: January 26, 2016</p>

<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal; margin-left:3in'>By: <u>/s/ Desmond Wheatley&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>

<p class=MsoNormal style='margin-top:0in;margin-bottom:0in;
margin-left:3in;margin-bottom:.0001pt;line-height:normal'>Desmond Wheatley, Chief
Executive Officer</p>



<p class="MsoNormal" style="line-height: normal; margin-left: 3in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
<p class="MsoNormal" style="line-height: normal; margin-left: 3in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
<p class="MsoNormal" style="line-height: normal; margin-left: 3in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
<p class="MsoNormal" style="line-height: normal; margin-top: 0in; margin-bottom: .0001pt" align="center">
-2-</p>



</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10.1.htm
<TEXT>
<html>

<body lang=EN-US>


<p><b>EXHIBIT 10.1</b></p>
<p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal;text-autospace:none'><b>NOTE SETTLEMENT AND
GENERAL RELEASE AGREEMENT</b></p>





<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>This Note Settlement and
General Release Agreement
(the &quot;Agreement&quot;) is entered into this 20<sup>th</sup> day of January 2016 by
and between Robert Noble, an individual (&quot;Lender&quot;), and Envision Solar
International, Inc., a Nevada corporation (the &quot;Company&quot;), with respect to the
following facts:</p>





<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>&nbsp;</p>



<p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:0;
text-align:center;page-break-after:avoid;text-autospace:
none; margin-top:0'><b>R E C I T
A L S</b></p>



<p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:0;
text-align:center;page-break-after:avoid;text-autospace:
none; margin-top:0'>&nbsp;</p>



<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="100%" id="AutoNumber2">
  <tr>
    <td width="15%" align="center"><b>A.</b></td>
    <td width="85%">Lender is the holder of that certain
secured convertible promissory note, dated June 30, 2015, in the principal
amount of $600,000 with accrued but unpaid interest through December 17, 2015
of approximately $126,032.91 (the &quot;Note&quot;), and the holder of a total of 11,587,440
shares of the Company's common stock (collectively, the &quot;Shares&quot;).</td>
  </tr>
  <tr>
    <td width="15%" align="center">&nbsp;</td>
    <td width="85%">&nbsp;</td>
  </tr>
  <tr>
    <td width="15%" align="center"><b>B.</b></td>
    <td width="85%">The Company has caused a payment in the amount of $100,000
    to be made on the Note to the Lender in order to pay a substantial portion
    of the accrued but unpaid interest due to Lender through the date of the
    payment (the &quot;Payment&quot;).</td>
  </tr>
  <tr>
    <td width="15%" align="center">&nbsp;</td>
    <td width="85%">&nbsp;</td>
  </tr>
  <tr>
    <td width="15%" align="center"><b>C.</b></td>
    <td width="85%">In connection with the Payment and other consideration
    described in this Agreement, Lender resigned as a director of the Company,
    and the Company accepted Lender's resignation, effective December 24, 2015.</td>
  </tr>
  <tr>
    <td width="15%" align="center">&nbsp;</td>
    <td width="85%">&nbsp;</td>
  </tr>
  <tr>
    <td width="15%" align="center"><b>D.</b></td>
    <td width="85%">Lender and the Company desire to enter into a mutual release
    of claims in consideration for the representations and covenants set forth
    in this Agreement.</td>
  </tr>
</table>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'><b>NOW THEREFORE</b>, for good and valuable
consideration the receipt and sufficiency of which are hereby acknowledged by
the parties, the parties hereby agree as follows:</p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;text-autospace:none'><b>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Payment to Lender; Representations
and Covenants of the Parties</u></b></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;text-autospace:none'>&nbsp;</p>



<p class=ListParagraph style='margin-top:0in;margin-right:0in;margin-bottom:
0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:
-.5in;line-height:normal;text-autospace:none'>1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>Payment
to Lender</u></p>



<p class=ListParagraph style='margin-top:0in;margin-right:0in;margin-bottom:
0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:
-.5in;line-height:normal;text-autospace:none'>&nbsp;</p>



<p class=ListParagraph style='margin:0in;margin-bottom:.0001pt;text-align:justify;
text-indent:1.0in;line-height:normal;text-autospace:none'>The parties acknowledge
that the Company caused a payment to be made to the Lender in the amount of
$100,000 in cash on December 24, 2015 (the &quot;Payment Date&quot;), which Payment was
applied to pay a substantial portion of the accrued but unpaid interest due to
Lender on the Note through the Payment Date.</p>



<p class=ListParagraph style='margin:0in;margin-bottom:.0001pt;text-align:justify;
text-indent:1.0in;line-height:normal;text-autospace:none'>&nbsp;</p>



<p class=ListParagraph style='margin-top:0in;margin-right:0in;margin-bottom:
0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:
-.5in;line-height:normal;text-autospace:none'>1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>Resignation
as a Director</u></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:1.0in;line-height:normal;text-autospace:none'>Lender resigned as a
director of the Company, effective on the Payment Date.</p>
<p align="center">-1- </p>
<hr color="#000080"><br clear=all
style='page-break-before:always'>

<p class=ListParagraph style='margin-top:0in;margin-right:0in;margin-bottom:
0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:
-.5in;line-height:normal;text-autospace:none'>&nbsp;</p>



<p class=ListParagraph style='margin-top:0in;margin-right:0in;margin-bottom:
0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:
-.5in;line-height:normal;text-autospace:none'>1.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>Option
to License Company Intellectual Property</u></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:1.0in;line-height:normal;text-autospace:none'>Provided the Option, as
that term is defined in that certain Purchase Option Agreement by and between
the Lender and GreenCore Capital, LLC, a Delaware limited liability company, dated
as of January 20, 2016 (the &quot;Option Agreement&quot;), is exercised in full and
Lender complies with it (a &quot;Closing&quot;), Lender will have the option, exercisable
in his sole discretion at any time until June 30, 2017, to purchase from the
Company for one dollar, a worldwide, perpetual, irrevocable, nonexclusive,
royalty-free license to utilize all of the Company intellectual property
developed prior to January 1, 2011, except for the following: (i) EV ARC&trade; and
(ii) EnvisionTrak&trade;.&nbsp; Lender will have the right to photograph Solar Tree&reg;
projects that were installed or planned prior to January 1, 2011 and to utilize
such photographs in Lender's business activities.&nbsp; Upon exercise of the option
by the Lender by delivery of written notice by him to the Company, the parties
covenant to enter into a customary license agreement in good faith reflecting
the intent of this Agreement; provided, however, if the parties fail to enter
into such license agreement, this Section 1.3 of the Agreement shall be deemed
to be the grant of a license to Lender containing the terms set forth in this
Section 1.3 of the Agreement, unless the Lender is in breach of this Agreement
or does not negotiate a customary license agreement in good faith.&nbsp; The
foregoing license shall include all documentation and trademarks, including,
but not limited to, photo, animations, logos, design, and engineering drawings,
of all pre-January 1, 2011 Company intellectual property and trademarks.&nbsp; The
foregoing license shall also include the exclusive worldwide license rights to
Life Port and Life Village, as well as the right to manufacture and sell the
original Solar Tree&reg;, with no other licenses (except for Lender's license) into
any country globally, except the United States.&nbsp; Lender will have the right to
publish its license rights, and when contacted by Lender or a third party, the
Company will confirm that the foregoing license rights belong to Lender.</p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:1.0in;line-height:normal;text-autospace:none'>&nbsp;</p>



<p class=ListParagraph style='margin-top:0in;margin-right:0in;margin-bottom:
0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:
-.5in;line-height:normal;text-autospace:none'>1.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>Extension
of Maturity Date</u></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:1.0in;line-height:normal;text-autospace:none'>Effective as of December
1, 2015, the maturity date of the Note is automatically extended to March 31,
2016 or longer if agreed in writing by both parties.&nbsp; The company acknowledges
that the foregoing extension shall not constitute a waiver of Lender's rights
under the Note or the related security agreements.</p>



<p class=ListParagraph style='margin-top:0in;margin-right:0in;margin-bottom:
0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:
-.5in;line-height:normal;text-autospace:none'>&nbsp;</p>



<p class=ListParagraph style='margin-top:0in;margin-right:0in;margin-bottom:
0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:
-.5in;line-height:normal;text-autospace:none'>1.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>Covenant to Defer Conversion of All Derivative Securities</u></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:1.0in;line-height:normal;text-autospace:none'>Effective as of December
24, 2015 and extending until September 30, 2016, or the recording of an
amendment to the Company's Articles of Incorporation increasing the number of
authorized shares of its common and preferred stock, whichever occurs first,
Lender covenants not to exercise at any time any conversion rights on any
derivative securities issued by the Company that are held by him, including
without limitation the Note and any warrants and stock options.</p>
<p align="center">-2- </p>
<hr color="#000080"><br clear=all
style='page-break-before:always'>

<p class=ListParagraph style='margin-top:0in;margin-right:0in;margin-bottom:
0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:
-.5in;line-height:normal;text-autospace:none'>&nbsp;</p>



<p class=ListParagraph style='margin-top:0in;margin-right:0in;margin-bottom:
0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;text-indent:
-.5in;line-height:normal;text-autospace:none'>1.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<u>Covenant to Amend Warrants</u></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:1.0in;line-height:normal;text-autospace:none'>Provided the Option is
exercised in full and Lender complies with it, resulting in a Closing, the
Company will extend the expiration date of the 1,138,120 warrants to purchase
1,138,120 shares of the Company's common stock owned by Lender (the &quot;Warrants&quot;)
from December 31, 2016 to December 31, 2017 and will reduce the exercise price
of such Warrants from $0.24 to $0.20 per share.</p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;text-autospace:none'><b>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Mutual Release</u></b></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Terms of Release</u></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>Effective as of the date
of this Agreement, in consideration for the mutual promises made by the parties
in Section 1 of this Agreement, each party, on behalf of itself, and any other
person or entity, agent or representative that could make any claim through such
party, forever releases and fully discharges the other party and such party's
past, present, and future affiliates, employees, officers, directors,
shareholders, attorneys, accountants, successors, predecessors, agents,
representatives, heirs, assigns, and executors from any and all claims that each
party hereto may have against the other party, whether known or unknown,
suspected or unsuspected, matured or unmatured, contingent or fixed, liquidated
or unliquidated, which each party now owns or holds against the other party, or
has at any time heretofore owned or held against the other party, save and
except those obligations set forth in this Agreement, and any liability arising
from an act of fraud or intentional misconduct by the other party. Notwithstanding
anything else herein to the contrary, this release shall in no way effect or
apply to the validity or enforceability of the Note or the related security
agreements, each of which shall remain in full force and effect in accordance
with its respective terms.</p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Representations
and Agreements</u></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>The parties agree that
these releases shall not be considered admissions by either party of any
liability or wrongdoing.&nbsp; The parties warrant that no promise or inducement has
been offered except as herein set forth.&nbsp; Lender represents that he is of legal
age and legally competent to execute this release and accept full
responsibility therefore.&nbsp; The parties declare that the terms of this full and
final release of claims have been completely read by each party and are fully
understood and voluntarily accepted for the purpose of making a full and final
compromise and settlement.&nbsp; Each of the parties to this Agreement hereby
relinquishes and waives all rights conferred upon each of them by the
provisions of California Civil Code &sect;1542 or any like provision.&nbsp; California
Civil Code &sect;1542 reads as follows:</p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>&nbsp;</p>



<p class=MsoNormal style='margin-top:0in;margin-right:45.0pt;margin-bottom:
0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;line-height:
normal;text-autospace:none'><b>&quot;A general release does not extend to claims which
the creditor does not know or suspect to exist in his favor at the time of
executing the release, which if known by him must have materially affected his
settlement with the debtor.&quot;</b></p>



<p class=MsoNormal style='margin-top:0in;margin-right:45.0pt;margin-bottom:
0in;margin-left:1.0in;margin-bottom:.0001pt;text-align:justify;line-height:
normal;text-autospace:none'>&nbsp;</p>



<div align="center">
  <center>
  <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="50%" id="AutoNumber1">
    <tr>
      <td width="39%">
      <div style="border-bottom-style: solid; border-bottom-width: 1">
&nbsp;</div>
      </td>
      <td width="12%">&nbsp;</td>
      <td width="49%">
      <div style="border-bottom-style: solid; border-bottom-width: 1">
&nbsp;</div>
      </td>
    </tr>
    <tr>
      <td width="39%">Lender Initials</td>
      <td width="12%">&nbsp;</td>
      <td width="49%">Company Initials</td>
    </tr>
  </table>
  </center>
</div>

<p class=MsoNormal style='margin-top:0in;margin-right:40.5pt;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal;
text-autospace:none'><b>&nbsp;</b></p>
<p align="center">-3- </p>
<hr color="#000080"><br clear=all
style='page-break-before:always'>

<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;text-autospace:none'><b>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Costs and Attorneys' Fees</u></b></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>Each party shall bear
his or its own expenses incurred in this Agreement and in the Closing,
including but not limited to attorneys' fees and costs.</p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;text-autospace:none'><b>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>No Prior Assignment; Indemnity</u></b></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>Each of the parties
represents and warrants that it has not assigned or transferred, or purported
to assign or transfer, to any person or entity any claim or other matter
released herein.&nbsp; In the event that a party shall have assigned or transferred,
or purported to assign or transfer, any claim or other matter herein released,
such party shall indemnify the other party and hold harmless such other party
from and against any loss, cost, claim or expense including, but not limited
to, all costs related to the defense of any action, including reasonable
attorneys' fees, based upon, arising out of, or incurred as a result of any
such claim, assignment or transfer.</p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;text-autospace:none'><b>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Equitable Relief</u></b></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Damages
Inadequate</u></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>Each party acknowledges
that it would be impossible to measure in money the damages to the other party
if there is a failure to comply with any covenants or provisions of this
Agreement, and agrees that in the event of any breach of any covenant or
provision, the other party to this Agreement will not have an adequate remedy
at law.</p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Equitable
Relief</u></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>It is therefore agreed
that the other party to this Agreement who is entitled to the benefit of the
covenants and provisions of this Agreement which have been breached, in
addition to any other rights or remedies which they may have, shall be entitled
to immediate injunctive relief, specific performance or other equitable relief,
to enforce such covenants or provisions, and that in the event that any such
action or proceeding is brought in equity to enforce them, the defaulting or
breaching party will not urge a defense that there is an adequate remedy at
law.</p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;text-autospace:none'><b>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>No Admission of Liability</u></b></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>This Agreement is a
compromise disposition of disputed claims, and each party expressly denies any
liability of any kind to the other.&nbsp; Nothing contained in this Agreement may be
construed as an admission by any other party of any liability of any kind to
the other party.</p>
<p align="center">-4- </p>
<hr color="#000080"><br clear=all
style='page-break-before:always'>
<p class=MsoNormal><b>&nbsp;</b></p>

<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;text-autospace:none'><b>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Waivers</u></b></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>If any party shall at
any time waive any rights hereunder resulting from any breach by the other
party of any of the provisions of this Agreement, such waiver is not to be
construed as a continuing waiver of other breaches of the same or other
provisions of this Agreement.&nbsp; Resort to any remedies referred to herein shall
not be construed as a waiver of any other rights and remedies to which such
party is entitled under this Agreement or otherwise.</p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;text-autospace:none'><b>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Successors and Assigns</u></b></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>Each covenant and
representation of this Agreement shall inure to the benefit of and be binding
upon each of the parties, their personal representatives, assigns and other
successors in interest.&nbsp; The Purchaser will be a third party beneficiary of the
Lender's covenants and obligations to the Company under this Agreement.</p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;text-autospace:none'><b>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Entire and Sole Agreement</u></b></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>This Agreement constitutes
the entire agreement between the parties and supersedes all other agreements,
representations, warranties, statements, promises and undertakings, whether
oral or written, with respect to the subject matter of this Agreement.&nbsp; This
Agreement may be modified only by a written agreement signed by all parties.</p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;text-autospace:none'><b>10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Governing Law</u></b></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>This Agreement shall be
governed by and construed in accordance with the laws of the State of
California, and the venue for any action hereunder shall be in the appropriate
forum in the County of San Diego, State of California.</p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;text-autospace:none'><b>11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Counterparts</u></b></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>This Agreement may be
executed simultaneously in any number of counterparts, each of which
counterparts shall be deemed to be an original, and such counterparts shall
constitute but one and the same instrument.</p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;text-autospace:none'><b>12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Attorneys' Fees and Costs</u></b></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>In the event that either
party must resort to legal action in order to interpret or enforce the
provisions of this Agreement or to defend such action, the prevailing party
shall be entitled to receive reimbursement from the nonprevailing party for all
reasonable attorneys' fees and all other costs incurred in commencing or
defending such action, or in enforcing this Agreement, including but not
limited to post judgment costs.</p>
<p align="center">-5- </p>
<hr color="#000080"><br clear=all
style='page-break-before:always'>


<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;text-autospace:none'><b>13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Confidentiality</u></b></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>Neither party will
disclose or otherwise provide information regarding any of the terms or
conditions of this Agreement to any person that is not a party to this
Agreement unless required by applicable law, except (i) to the extent that the
Company publishes public reports or announcements regarding it and (ii) as
permitted under Section 1.3.&nbsp; Neither party will directly or indirectly
interfere with the business of the other party, nor solicit or encourage any
supplier or customer of the other party not to conduct business with the other
party, nor solicit or encourage any employee or consultant of the other party
to cease working for or with the other party. </p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;text-autospace:none'><b>14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Severability</u></b></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>If any term, provision,
covenant or condition of this Agreement is found to be invalid, void, or
unenforceable by any court of competent jurisdiction, the remaining provisions
hereof will continue in full force and effect and will in no way be affected,
impaired or invalidated.</p>

<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;text-autospace:none'><b>15.</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b><u>Further Acts</u></b></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>The parties to this
Agreement hereby agree to execute any other documents and take any further
actions which are reasonably necessary or appropriate in order to implement the
transactions contemplated by this Agreement.</p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;text-autospace:none'><b>16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>No Derogatory Statements</u></b></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>The Company agrees not
to make any derogatory statements to third parties regarding the Lender or his
business.&nbsp; Lender covenants not to make any derogatory statements to third
parties regarding the Company or its management, shareholders, products or
employees.</p>

<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;text-autospace:none'><b>17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Consent to Option Agreement</u></b></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;text-autospace:none'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company hereby consents to the
making of the Option Agreement by and between Lender and Greencore Capital,
LLC, dated of even date herewith, and further consents to the implementation of
any or all of the transactions contemplated by the Option Agreement.</p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;text-autospace:none'><b>18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Time of Essence</u></b></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;text-autospace:none'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time is of the essence of each and
every term, condition, obligation and provision hereof.</p>
<p align="center">-6- </p>
<hr color="#000080"><br clear=all
style='page-break-before:always'>

<p class=MsoNormal><b>&nbsp;</b></p>

<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'><b>IN WITNESS WHEREOF, </b>this Agreement has been
entered into as of the date first above written.</p>





<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;text-indent:.5in;line-height:normal;text-autospace:none'>&nbsp;</p>





<p class=MsoNormal style='margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:2.5in;margin-bottom:.0001pt;text-align:justify;text-indent:-2.5in;
line-height:normal;text-autospace:none'><b>Company:</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>ENVISION
SOLAR INTERNATIONAL, INC.</b></p>







<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By:
<u>/s/ John Evey&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>

<p class=MsoNormal style='margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:202.5pt;margin-bottom:.0001pt;text-align:justify;line-height:normal;
text-autospace:none'>&nbsp;
John Evey, Chairman</p>







<p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:normal;text-autospace:none'><b>Lender:</b></p>



<p class=MsoNormal style='margin-bottom:0in;margin-bottom:0;text-align:
justify;text-indent:2.5in;line-height:normal;text-autospace:none; margin-top:0'><u>/s/ Robert Noble&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>

<p class=MsoNormal style='margin-bottom:0in;margin-bottom:0;text-align:
justify;text-indent:2.5in;line-height:normal;text-autospace:none; margin-top:0'>Robert Noble</p>





<p class="MsoNormal" style="text-align: justify; text-indent: 2.5in; line-height: normal; text-autospace: none; margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p class="MsoNormal" style="text-align: justify; text-indent: 2.5in; line-height: normal; text-autospace: none; margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p class="MsoNormal" style="text-align: justify; text-indent: 2.5in; line-height: normal; text-autospace: none; margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p class="MsoNormal" style="text-align: justify; text-indent: 2.5in; line-height: normal; text-autospace: none; margin-top: 0; margin-bottom: 0">&nbsp;</p>
<p class="MsoNormal" style="text-align: justify; text-indent: 2.5in; line-height: normal; text-autospace: none; margin-top: 0; margin-bottom: 0">&nbsp;</p>
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