X0303 4 2009-11-02 0001140310 ZBB ENERGY CORP ZBB 0001271449 KOEPPE PAUL F N93 W14475 WHITTTAKER WAY MENOMONEE FALLS WI 53051 1 1 0 0 Interim CEO Stock Option (right to buy) 1.14 2009-11-02 4 A 0 200000 0 A 2019-11-02 Common Stock 200000 200000 D Granted under the 2007 Equity Incentive Plan of ZBB Energy Corporation (the "Company"). Represents the closing price of the Company's common stock on November 2, 2009, the date of grant. The option vested and became exercisable as to 100,000 shares covered by the option on November 2, 2009 and the remaining 100,000 shares covered by the option will vest and become exercisable on November 2, 2010, provided Mr. Koeppe is still providing services as a director of the Company and has not resigned his position as the Chairman of the Operating Committee of the Board of Directors of the Company on such vesting date. David Bornstein (pursuant to Power of Attorney previously filed) 2009-11-04