<SUBMISSION>
<ACCESSION-NUMBER>0000950123-11-065240
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20110706
<ITEMS>5.02
<ITEMS>9.01
<FILING-DATE>20110712
<DATE-OF-FILING-DATE-CHANGE>20110712
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>ENERGY CONVERSION DEVICES INC
<CIK>0000032878
<ASSIGNED-SIC>3674
<IRS-NUMBER>381749884
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0630
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-08403
<FILM-NUMBER>11964445
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>3800 LAPEER ROAD
<CITY>AUBURN HILLS
<STATE>MI
<ZIP>48326
<PHONE>248-475-0100
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>3800 LAPEER ROAD
<CITY>AUBURN HILLS
<STATE>MI
<ZIP>48326
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>ENERGY CONVERSION LABORATORIES INC
<DATE-CHANGED>19710603
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>k50565e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<HEAD>
<TITLE>e8vk</TITLE>
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<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>Pursuant to Section&nbsp;13 Or 15(d) of the<BR>
Securities Exchange Act of 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Date of Report (date of earliest event reported) July&nbsp;6, 2011</B></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>ENERGY CONVERSION DEVICES, INC.<BR>
<DIV style="width: 100%; border-bottom: 1px solid #000000; FONT-size: 1px">&nbsp;</DIV></B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in Charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
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<TR valign="bottom">
    <TD align="center" valign="top">Delaware
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">1-8403
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">38-1749884</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="5" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or Other Jurisdiction
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">of Incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">3800 Lapeer Road, Auburn Hills, MI
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">48326</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of Principal Executive Offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip Code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Registrant&#146;s telephone number, including area code (248)&nbsp;293-0440</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; FONT-size: 1px">&nbsp;</DIV>
(Former name or former address, if changed since last report)</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provision (see General Instruction A.2
below):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT style="font-family: Wingdings">&#111;</FONT> Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT style="font-family: Wingdings">&#111;</FONT> Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT style="font-family: Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT style="font-family: Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>













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<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><b>Item&nbsp;5.02</b></TD>
    <TD>&nbsp;</TD>
    <TD><B>Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy Conversion Devices, Inc., (the &#147;Company&#148;) entered into a Transition Agreement (the
&#147;Agreement&#148;) with Subhendu Guha, its Executive Vice President&#151;PV Technology and Chairman of its
wholly owned subsidiary, United Solar Ovonic, pursuant to the terms of which Dr.&nbsp;Guha
will assume the position of Chairman Emeritus, United Solar Ovonic, effective July&nbsp;15, 2011. In
his new role, Dr.&nbsp;Guha will focus his attention on research and development activities to advance
the company&#146;s technology roadmap. A copy of the Agreement is attached hereto as Exhibit&nbsp;10.1 and
is incorporated herein by reference.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Agreement implements substantially the terms applicable to Dr.&nbsp;Guha under the Company&#146;s
Executive Severance Plan (the &#147;Plan&#148;), as well as his obligations under the Plan&#146;s restrictive
covenants, including, in the case of the non-compete and non-solicitation covenants, for one year
after termination of his new role as Chairman Emeritus of United Solar Ovonic. Under the terms of
the Agreement, Dr.&nbsp;Guha will receive an annual compensation of $150,000 in his new position as
Chairman Emeritus and will be entitled to health insurance benefits.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Item&nbsp;9.01 Financial Statements and Exhibits</B>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(d)&nbsp;Exhibits:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="93%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Transition Agreement, dated June&nbsp;29, 2011</TD>
</TR>
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</TABLE>
</DIV>


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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U>SIGNATURES</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">ENERGY CONVERSION DEVICES, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Jay B. Knoll
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Jay B. Knoll&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Interim President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Date: July&nbsp;12, 2011
</DIV>






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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U>EXHIBIT INDEX</U>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Transition Agreement, dated June&nbsp;29, 2011</TD>
</TR>
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</TABLE>
</DIV>



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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>k50565exv10w1.htm
<DESCRIPTION>EX-10.1
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt">EXHIBIT 10.1
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>TRANSITION AGREEMENT </B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Transition Agreement (this &#147;<U>Agreement</U>&#148;) is dated June&nbsp;29, 2011, between Energy
Conversion Devices, Inc. (the &#147;<U>Company</U>&#148;) and Subhendu Guha (&#147;<U>Dr.&nbsp;Guha</U>&#148;).
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U>Recitals</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;Dr.&nbsp;Guha is a participant in the Company&#146;s Executive Severance Plan, effective July&nbsp;24,
2007 and as amended through September&nbsp;30, 2008 (the &#147;<U>Plan</U>&#148;). Capitalized terms used, and
not otherwise defined in this Agreement, will have the meanings ascribed to them in the Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;Dr.&nbsp;Guha and the Company are parties to that certain Participation Agreement, dated May&nbsp;12,
2008 (the &#147;<U>Participation Agreement</U>&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;Dr.&nbsp;Guha&#146;s current employment with the Company will terminate effective July&nbsp;15, 2011 (the
&#147;<U>Termination Date</U>&#148;) as a &#147;Qualifying Termination&#148; under the Plan, at which time Dr.&nbsp;Guha
will transition to Chairman Emeritus, USO.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D.&nbsp;This Agreement is intended to implement the Plan and the Participation Agreement in
connection with such termination, subject only to those modifications expressly set forth in this
Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Now therefore the parties agree as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;<U>Confirmation of Certain Benefits</U>.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The parties confirm that Dr.&nbsp;Guha&#146;s Severance Coverage Period for purposes of the Plan is
12&nbsp;months commencing on the Termination Date.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Schedule&nbsp;A</U> contains a complete and accurate summary of the base salary and bonus
benefits to which Dr.&nbsp;Guha is entitled under Section&nbsp;4.1 of the Plan, which will be payable as
provided in Section 2(a) below.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Schedule&nbsp;B</U> contains a complete and accurate summary of the awards granted to Dr.
Guha under the Company&#146;s various equity incentive plans that are outstanding as of the date of this
Agreement. Further, the parties confirm that, in accordance with and subject to Section&nbsp;4.3 of the
Plan, (1)&nbsp;the stock options described on <U>Schedule&nbsp;B</U> are vested and exercisable until the
sixth month anniversary of the Termination Date, (2)&nbsp;the restricted stock units described on
<U>Schedule&nbsp;B</U> will vest immediately on the Termination Date and be paid as described in the
applicable restricted stock unit agreements, and (3)&nbsp;the performance stock units described on
<U>Schedule&nbsp;B</U> and granted pursuant to the Performance Share Award Agreement dated January&nbsp;25,
2011 (the &#147;<U>PSA Agreement</U>&#148;) will vest on a pro rata basis (i.e., 6/30 of the award based on
the duration of Dr.&nbsp;Guha&#146;s service during the performance period under the PSA
Agreement) and be paid on the payment date specified in the PSA Agreement if the relevant
performance metrics are achieved.</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;<U>Certain Additional Provisions</U>.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The base salary and bonus benefits to which Dr.&nbsp;Guha is entitled under Section&nbsp;4.1 of the
Plan will be payable on the dates and in the amounts set forth on <U>Schedule&nbsp;A.</U></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Dr.&nbsp;Guha waives any right to outplacement services under Section&nbsp;4.4 of the Plan.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The Company will, to the full extent required under the Company&#146;s governance documents,
indemnify, defend and hold harmless Dr.&nbsp;Guha with respect to all his acts and omissions that occur
on or before the Termination Date in his capacity as an officer, director or employee of the
Company (&#147;Official Acts&#148;), to the full extent that would apply if Dr.&nbsp;Guha continued as an officer,
director or employee of the Company. The Company further agrees that its current and future
Director&#146;s and Officer&#146;s liability insurance will include Dr.&nbsp;Guha as an insured person with
respect to his Official Acts.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;All payment obligations of the Company under the Plan as amended hereby are subject to the
execution and non-revocation by Dr.&nbsp;Guha of a release in the form of <U>Exhibit&nbsp;A</U> hereto (the
&#147;<U>Release</U>&#148;).</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;<U>Chairman Emeritus</U>. Dr.&nbsp;Guha will be appointed to serve as Chairman Emeritus, USO
effective July&nbsp;15, 2011, for a one-year term commencing July&nbsp;15, 2011, and renewable thereafter
upon mutual agreement of the Company and Dr.&nbsp;Guha. In his capacity as Chairman Emeritus, USO, Dr.
Guha will report directly to the Company&#146;s President and Chief Executive Officer, and receive
annual compensation of $150,000. Dr.&nbsp;Guha will be expected to work a minimum of 1,000 hours and
will not receive additional compensation for services in excess of 1,000 hours.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;During the period that he is providing services to the Company as Chairman Emeritus, Dr.
Guha will be eligible for continued participation in the Company&#146;s health insurance benefits plans,
including medical, dental, and vision coverage, and eligible for reimbursement of business expenses
according to the company&#146;s standard policies and practices.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;Dr.&nbsp;Guha will not be eligible to participate in the Company&#146;s Annual Incentive cash bonus
plan and Long-term Incentive equity program as Chairman Emeritus (effective July&nbsp;15, 2011), except
for those terms specified under the Executive Severance Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;<U>Confirmation of Covenants</U>. Dr.&nbsp;Guha confirms that he is subject to, and will abide
by the covenants set forth in Section&nbsp;5 of the Plan as amended hereby, which generally include:
Non-Competition, Interference with Business Relations, Proprietary and Confidential Information,
Non-Disparagement and Cooperation, provided that the expiration date for Sections&nbsp;5.2 and 5.3 will
be the first anniversary of termination of his service as Chairman Emeritus, USO.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;<U>General Confirmation; Tax Withholding; Section&nbsp;409A</U>. The Company and Dr.&nbsp;Guha
ratify and confirm the Plan, which, except as expressly amended by this Agreement, contains the
entire rights and benefits to which Dr.&nbsp;Guha is entitled in connection with the termination of his
employment with the Company. All amounts payable by the Company or any of its affiliates under
this Agreement or the Plan will be subject to all taxes and other amounts required to be withheld
according to applicable federal, state and local laws. This Agreement shall be interpreted to
ensure that the payments made to Dr.&nbsp;Guha under this Agreement or the Plan are exempt from, or
comply with, Section&nbsp;409A of the Internal Revenue Code. However, in no event is the Company or any
other person responsible for any tax or penalty owed by Dr.&nbsp;Guha with respect to any payment under
this Agreement or the Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;<U>Release</U>. Simultaneously with the execution, and as required under the Plan, Dr.
Guha is executing the Release.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.&nbsp;<U>Complete Agreement</U>. This Agreement, the Plan (including the Participation
Agreement) as amended hereby and the Release constitute the complete and entire agreement between
the parties relating to the termination of Dr.&nbsp;Guha&#146;s employment and supersedes any prior or
contemporaneous agreements between the parties with thereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.&nbsp;<U>Dr.&nbsp;Guha Covenant Not to Sue</U>. Dr.&nbsp;Guha covenants not to file a lawsuit or claim
of any type in any forum against the Company that has been released in connection with this
Agreement, the Plan (as amended hereby) or the Release, except for a claim of an alleged breach of
this Agreement or the Plan (as amended hereby) and that if he does, the lawsuit or claim will be
immediately dismissed. He further agrees that if he files such a lawsuit or claim or otherwise
violates any of the terms of this Agreement or the Plan, he will pay to the Company all of the
costs, expenses, and attorney&#146;s fees incurred by the Company in defending against such a lawsuit or
claim or enforcing this Agreement, the Plan (as amended hereby) or the Release.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.&nbsp;<U>Public Announcements</U>. The parties will consult with each other before issuing any
initial press release with respect to the transition of Dr.&nbsp;Guha&#146;s employment to Chairman Emeritus,
USO.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.&nbsp;<U>Jurisdiction</U>. Any dispute about the meaning, effect or validity of this Agreement
will be resolved in accordance with the laws of the State of Michigan without regard to the
conflict of law provisions thereof. Venue and jurisdiction of any claim or action involving this
Agreement will exist exclusively in the state and federal courts in the County of Oakland, State of
Michigan, and the parties hereby consent to personal jurisdiction of the State of Michigan and
waive any objections to venue, the convenience of the forum and jurisdiction in the County of
Oakland, State of Michigan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.&nbsp;<U>Acknowledgement</U>. Dr.&nbsp;Guha acknowledges that before signing this Agreement, he has
read it, he fully understands its terms, content and effect, he has had the opportunity to seek the
advice of an attorney of his own choosing, and he has relied fully and completely on his own
judgment in executing this Agreement.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Helvetica',Arial,sans-serif">

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">    /s/ Subhendu Guha
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">SUBHENDU GUHA&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">ENERGY CONVERSION DEVICES, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Jay Knoll
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Jay Knoll&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Its:          Interim President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>




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<DIV style="font-family: 'Helvetica',Arial,sans-serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Schedule&nbsp;A</B><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="12%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="37%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Severance Payment</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Plan Section</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Formula</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" colspan="3" style="border-bottom: 1px solid #000000">Total Amount</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Timing and Manner of Payment</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Base salary
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;4.1(a)(1)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$322,400/yr for one
year
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">$</TD>
    <TD nowrap align="right" valign="top">322,400</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$322,400 payable in
26 equal
installments of
$12,400 on normal
payroll payment
dates commencing
with the first
regular payroll
after the Release
ceases to be
revocable.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Bonus (Part A)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;4.1(a)(2)(A)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$322,400 *.60 *
(0/12)
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">$</TD>
    <TD align="right" valign="top">0</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Bonus (Part B)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;4.1(a)(2)(B)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$322,400*.60*(12/12)
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">$</TD>
    <TD align="right" valign="top">193,440</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The bonus award
portion of the
Participant&#146;s
Severance Benefit
will be paid in a
lump sum in the
calendar month
following the last
day of the
Severance Coverage
Period (August,
2012).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>TOTAL</B>
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top"><B>$</B></TD>
    <TD align="right" valign="top"><B>515,840</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>All dollar amounts represent gross payments
before application of tax withholding. Actual payments will be net of
withholding.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Helvetica',Arial,sans-serif">






<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Schedule&nbsp;B</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="24%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Equity Award</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Plan Section</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" colspan="3" style="border-bottom: 1px solid #000000">Amount</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Stock Options:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;4.3(a)
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top" colspan="2">11,360&nbsp;</TD>

    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Restricted Stock Units:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;4.3(c)
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">31,350 RSUs
</TD>
</TR>
<TR>
<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Performance Shares:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;4.3(d)
</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left" valign="top">33,500 (of which 6,700 will
vest according to terms of the
FY2011 performance shares
agreement). If the relevant
performance metrics are
achieved, shares will vest on
6/30/2013; otherwise
forfeited.
</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>



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<DIV style="font-family: 'Helvetica',Arial,sans-serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT A</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><B>RELEASE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In consideration of the benefits I am entitled to receive under the agreement to which
this release is attached (the &#147;Transition Agreement&#148;), including benefits I will receive under the
Energy Conversion Devices, Inc. Executive Severance Plan (the &#147;Plan&#148;), I, <B>Subhendu Guha</B>, on behalf
of myself, and on behalf of my heirs, successors and assigns, hereby agree to release Energy
Conversion Devices, Inc. (the &#147;Company&#148;), all of its past, present and future subsidiaries,
affiliates, directors, officers, employees; and all of its and their respective heirs, successors,
and assigns (the &#147;Released Parties&#148;) from any and all claims, demands, actions, and liabilities
that I might otherwise have asserted arising out of my employment with the Company, including the
termination of that employment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I also promise not to sue the Company or any of the Released Parties based, in whole or in
part, on any claims relating to my employment with the Company or the termination of that
employment. However, I am not releasing my rights, if any, under the Transition Agreement, the
Plan or any qualified employee retirement plan, nor am I releasing any rights or claims that may
arise after the date on which I sign this Release. Those rights, and only those rights, survive
unaffected by this Release.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I understand that as a consequence of my signing this Release I am giving up, with respect to
my employment and the termination of that employment, any and all rights I might otherwise have
under (1)&nbsp;the Age Discrimination in Employment Act of 1967, as amended; (2)&nbsp;and all other federal,
state or municipal laws prohibiting discrimination in employment on the basis of sex, race,
national origin, religion, age, handicap or other invidious factor; and (3)&nbsp;any and all theories of
contract or tort law, whether based on common law or otherwise. This Release includes, but is not
limited to, any rights I might otherwise have under the following Michigan laws: The Elliot-Larsen
Civil Rights Act (race, color, religion, national origin, age, sex, marital status, height and
weight) and any and all derivative claims; the Michigan Persons With Disabilities Act (handicap);
the Michigan Wage Payment Act (MCLA 408.471) (wages and benefits); AIDS Testing and Confidentiality
Act; Equal Pay; the Polygraph Protection Act of 1981 (restrictions on the use of polygraphs);
Whistleblower Protection; Jury Service; Subpoenaed Victim; Job Reference immunity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I acknowledge and agree that:
</DIV>

<DIV align="left" style="margin-left: 5%; text-indent: -5%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">The benefits I am receiving under the Transition Agreement and the Plan constitute
consideration over and above any benefits that I might be entitled to receive without
executing this Release.</DIV>


<DIV align="left" style="margin-left: 5%; text-indent: -5%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">The Company advised me in writing to consult with an attorney prior to executing a copy of
the Plan document and the Release.</DIV>


<DIV align="left" style="margin-left: 5%; text-indent: -5%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">I was given a period of at least 45&nbsp;days within which to consider the Plan and the Release.</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->7<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Helvetica',Arial,sans-serif">




<DIV align="left" style="margin-left: 5%; text-indent: -5%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">The Company has advised me of my statutory right to revoke my acceptance of the terms of the
Transition Agreement, Plan and this Release at any time within seven (7)&nbsp;days of my signing of
this Release.</DIV>


<DIV align="left" style="margin-left: 5%; text-indent: -5%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">I remain subject to and will continue to comply with the restrictive covenants set forth in
Section&nbsp;5 of the Plan (as determined under the Transition Agreement).</DIV>


<DIV align="left" style="margin-left: 5%; text-indent: -5%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">I warrant and represent that my decision to accept the Transition Agreement, the Plan
(including this Release) was (a)&nbsp;entirely voluntary on my part; (b)&nbsp;not made in reliance on
any inducement, promise or representation, whether express or implied, other than the
inducements, representations and promises expressly set forth in the Plan or in the Transition
Agreement, the Plan or in the Release; and (c)&nbsp;did not result from any threats or other
coercive activities to induce acceptance of the Transition Agreement, the Plan or Release.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event I decide to exercise my right to revoke within seven (7)&nbsp;days of my acceptance of
this Release, I warrant and represent that I will do the following: (1)&nbsp;notify the Company in
writing of my intent to revoke my agreement, and (2)&nbsp;simultaneously return in full the
consideration received from the Company under the Transition Agreement and the Plan. I acknowledge
that, if I revoke this Release during the revocation period, I will not be entitled to the benefits
under the Transition Agreement or the Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I further warrant and represent that I fully understand and appreciate the consequence of my
signing this Release.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, I hereby acknowledge receipt of consideration and execute the foregoing
agreement at Auburn Hills, MI, this 29<SUP style="FONT-size: 85%; vertical-align: text-top">th</SUP> day of June, 2011.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Subhendu Guha
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>Subhendu Guha</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Witnessed by <u>Jay Knoll</u> on this 29th day of June, 2011
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Jay Knoll
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">WITNESS&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->8<!-- /Folio -->
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