JOULE
£83 Rogers St. Cambridge, MA 02162
1.617.354.6100 F, 617-354-6101
October 23,2010
Mr. Jonn Podesta
1323 H Steet, NW 10" Floor
‘Washington, 0¢ 20005
Re: ule Unlimited, nc, Board of Directors
Dear Joho:
‘We are pleased to invite you to serve as a member dt the Company's Board of Directors (the
Board"). all necessary Board and stocAholder action i taken a the next meeting (currently
Scheduled for November 3, 2030), the Company is prepared to offer youthe folowing compensation in
exchange for your performance of certain duties asa director.
Ifelected asa member of the Board, you will be granted a stock option to purchase 100,000
shares of common stock, par value 0.0001 per share, ofthe Company with an exercise price per share
‘equal othe fair market value extabished by the Board. This option will est over a @:year period from
‘the date of grant, with a one-year elif. Inalleespects, this option wil be governed by the Joule
Unlimited, Inc. 2007 Stock Option and Grant Plan and standard Non-Quaified Stock Option Agreement.
Board meetings will be held regularly by the Company (typlcally 6 times per year). You willbe
expected to attend meetings with reasonable frequency and you may attend Board meetings via
teleconference, fnecessary. You ill be reimbursed for all appropriate travel expenses incurred with
your attendance,
You understand that, if elected, you wl serve onthe Board at the pleasure of the Company and
the stockholders ofthe Company, tht your duties are subject to change at any time without notice, and
that ether you or the Company may terminate your directorship at an time and for any reason without
rier notice and without addtional compensation ta you, You will be Solely responsible for nayment of
All governmental charges and taxes arising from your service to the Company as director. You know of
‘ne Feason why You would be precluded from serving as a member ofthe Board or any ofits committees,
tither because of existing competition restrictions or Fiduclary obligations or otherwise
(On behalf ofthe Company, we are excited about the possibilty of having youjin us this
critical juncture in our growth and development.JOULE
‘very truly ours,
JOULE UNLIMITED,
Ze
Na NAAR
LZ Chaiinab ofthe Board
Accepted and Agreed ondetever/ 72010;
ta