UNSECURED AND NON-TRANSFERABLE NON-NEGOTIABLE NOTE
DO NOT DESTROY THIS NOTE: When paid, this Note must be surrendered to Payee for cancellation.
FOR VALUE RECEIVED, the undersigned, AMP RESOURCES, LLC (“Maker”) promises to pay to the order of RASER
TECHNOLOGIES, INC. (“Payee”) the principal sum of up to FIVE MILLION DOLLARS and 00/100 ($5,000,000.00U.S.)
(hereinafter referred to as “Maximum Principal Amount”), together with interest at the rate of TEN percent (10%) per annum,
compounded annually, said principal and interest to be payable upon the terms and conditions hereinafter set forth. As of the
date of this Note, MAKER has drawn ONE MILLION SIX HUNDRED TEN THOUSAND SIX HUNDRED THIRTY SIX
DOLLARS AND FORTY FOUR CENTS ($1,610,636.44US) against the Maximum Principal Amount. So long as Maker is not in
default under this Note, and with agreement of Payee on specific amounts disbursed under this Note, Maker may draw from this
Note up to the Maximum Principal Amount.
1. Payment. The principal and accrued interest on this Note is unsecured, and this Note is non-transferable and non-
negotiable by the Maker or the Payee. This Note shall be paid as follows:
The entire unpaid principal balance and accrued, but unpaid, interest and other charges evidenced by this Note shall be
due and payable in full on or before the earliest to occur of any of the following:
All payments hereunder shall be applied first to the reduction of accrued interest and second to the reduction of principal.
All payments of any kind under this Note, and all obligations represented by this Note are subordinated in right of priority and
payment to the prior obligations of the Maker to SCP/AR, LLC; BNR Ventures, LLC; RRD Investment Co., LLC; Highland
Capital Partners VI, Limited Partnership; Highland Subfund VI-Amp Limited Partnership; and Highland Entrepreneurs’ Fund VI
Limited Partnership, and each of their respective affiliates (collectively the “Investors”). Until all obl