AQUATIC STORAGE SYSTEMS

IDEAL POWER, INC.

from APPEL, PATER A, BELL FAMILY TRUST DATED 2/2/95, AS AMENDED, BENNETT LIVING TRUST, MICHAEL BENNETT, TRUSTEE U/A 3-12-1992, BIBICOFF FAMILY TRUST, CAISSON BREAKWATER FUND, LP, CAISSON BREAKWATER FUND, LTD., CASPI, SILVAN PADNOS, CAUSEWAY BAY CAPITAL, LLC, CAVALIER, MICHAEL JOSEPH, JR., DEGIAN, JANE, DESAI, ANKUR V, DIGIANDOMENICO, ANTHONY, ELWAY, JOHN A, EQUITY TRUST COMPANY, CUSTODIAN FBO ROBERT C. CLIFFORD IRA, 6.67% UNDIVIDED INTEREST, ESTRIN, ALLEN, FERRARA, RALPH P, GREENBERG, SANDORD DEAN, GRUNFELD, AARON A, HANDLER REVOCABLE TRUST, BRAD HANDLER, TRUSTEE, HAYDEN, MATTHEW, HORWITZ, GREGORY ADAM, JEFFREY AND MARGARET GENERATION TRUST F/B/O BENJAMIN PADNOS, JEFFREY AND MARGARET GENERATION TRUST F/B/O JOSHUA PADNOS, JEFFREY AND MARGARET GENERATION TRUST F/B/O REBECCA PADNOS, JEFFREY AND MARGARET GENERATION TRUST F/B/O SAMUEL PADNOS, JENNINGS, CHRISTOPHER, JENNINGS, KAREN, KELLY, MICHAEL, KESNER, HARVEY, LANDRY, DANIEL PATRICK, LEWIN, NICHOLAS, LIU, XIN, MDB CAPITAL GROUP, LLC, MERGE CAPITAL, LLC, MOSSBERG, DAVID M, PADNOS, BENJAMIN L, PADNOS, DANIEL, PADNOS, JEFFREY S., PADNOS, JONATHAN J, PADNOS, MARGARET M., PARK, EDGAR, PATEL, NIMISH, PICKETT, WILEY, PIERCE FAMILY TRUST DTD 9-13-2000, MITCHELL D. PIERCE, TRUSTEE, R&A CHADE FAMILY TRUST, RICHARD CHADE, TRUSTEE, RICHARDSON, ERICK, SANKER, DANIEL, SCHUMAN, GARY, SERIES E-1 OF THE LARREN SMITTY, LLC, SUESS, GREG, TESKE, PAUL, TESKE, RIVERS, THE JOHN STANLEY REVOCABLE TRUST UAD 8-4-2006, JOHN STANLEY, TRUSTEE, TIERNEY, JAMES P, TOBIN, MORRIE, WALLACE, THOMAS L, SR., WANG, AMY EN-MEI, YKA PARTNERS, LTD.

RELEASE OF SECURITY INTEREST Recorded 2014-01-13

IDEAL POWER INC.

from ALEXANDER, WILLIAM C, BUNDSCHUH, PAUL A

ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded 2013-11-12

GRUNFELD, AARON A, ESTRIN, ALLEN, AMY EN-MEI WANG AND GREGORY ADAM HORWITZ, DESAI, ANKUR V, DIGIANDOMENICO, ANTHONY, BELL FAMILY TRUST DATED 2/2/95, AS AMENDED, PADNOS, BENJAMIN L, BENNETT LIVING TRUST, MICHAEL BENNETT, TRUSTEE U/A 3-12-1992, BIBICOFF FAMILY TRUST, CAUSEWAY BAY CAPITAL, LLC, CHRISTOPHER JENNINGS AND KAREN JENNINGS, LANDRY, DANIEL PATRICK, PADNOS, DANIEL, SANKER, DANIEL, MOSSBERG, DAVID M, PARK, EDGAR, EQUITY TRUST COMPANY, CUSTODIAN FBO ROBERT C. CLIFFORD IRA, 6.67% UNDIVIDED INTEREST, RICHARDSON, ERICK, SCHUMAN, GARY, SUESS, GREG, HANDLER REVOCABLE TRUST, BRAD HANDLER, TRUSTEE, KESNER, HARVEY, TIERNEY, JAMES P, DEGIAN, JANE, JEFFREY S. PADNOS AND MARGARET M. PADNOS, ELWAY, JOHN A, PADNOS, JONATHAN J, MDB CAPITAL GROUP, LLC, CAVALIER, MICHAEL JOSEPH, JR, KELLY, MICHAEL, TOBIN, MORRIE, LEWIN, NICHOLAS, PATEL, NIMISH, PAUL TESKE AND RIVERS TESKE, APPEL, PATER A, PIERCE FAMILY TRUST DTD 9-13-2000, MITCHELL D. PIERCE, TRUSTEE, R&A CHADE FAMILY TRUST, RICHARD CHADE, TRUSTEE, FERRARA, RALPH P, GREENBERG, SANDORD DEAN, SERIES E-1 OF THE LARREN SMITTY, LLC, CASPI, SILVAN PADNOS, THE JOHN STANLEY REVOCABLE TRUST UAD 8-4-2006, JOHN STANLEY, TRUSTEE, WALLACE, THOMAS L, SR, PICKETT, WILEY, LIU, XIN, YKA PARTNERS, LTD., JEFFREY AND MARGARET GENERATION TRUST F/B/O REBECCA PADNOS, JEFFREY AND MARGARET GENERATION TRUST F/B/O JOSHUA PADNOS, JEFFREY AND MARGARET GENERATION TRUST F/B/O SAMUEL PADNOS, JEFFREY AND MARGARET GENERATION TRUST F/B/O BENJAMIN PADNOS, CAISSON BREAKWATER FUND, LP, CAISSON BREAKWATER FUND, LTD., HAYDEN, MATTHEW, MERGE CAPITAL, LLC

from IDEAL POWER INC.

SECURITY AGREEMENT Recorded 2013-07-29