OMNITEK ENGINEERING CORP. Warrant for the Purchase of 5,000 Shares of Common Stock This Warrant Will Be Void After 5:00 P.M. Pacific Standard Time On February 14, 2017Omnitek Engineering Corp • February 17th, 2012 • Motor vehicle parts & accessories • California
THIS WARRANT (this “Warrant”) certifies that, for value received, Chachas Land Co., Inc., or its registered assigns (the “Holder” or “Holders”), shall be entitled at any time on or before 5:00 p.m. Pacific Standard Time on February 14, 2017 (the Expiration Date”), to subscribe for, purchase, and receive Five Thousand (5,000) shares (the “Shares”) of fully paid and nonassessable common stock, no par value (the “Common Stock”) of Omnitek Engineering Corp., a California corporation (the “Company”), at an exercise price of two dollars and 68/100 cents ($2.68) per share (the “Exercise Price”). The number of Shares to be received on exercise of this Warrant and the Exercise Price may be adjusted on the occurrence of certain events as described herein. If the rights represented hereby are not exercised by the Expiration Date this Warrant shall automatically become void and of no further force or effect, and all rights represented hereby shall cease and expire.
REVOLVING LINE OF CREDIT AGREEMENTRevolving Line of Credit Agreement • February 17th, 2012 • Omnitek Engineering Corp • Motor vehicle parts & accessories • California
This Revolving Line of Credit Agreement (the “Agreement”) is made and entered into this 15th day of February, 2012 (the “Effective Date”), by and between Chachas Land Co., Inc., a Nevada Corporation (the “Lender”), and Omnitek Engineering Corp., a California corporation (“Borrower”).
REVOLVING LINE OF CREDIT NOTEOmnitek Engineering Corp • February 17th, 2012 • Motor vehicle parts & accessories • California
FOR VALUE RECEIVED, Omnitek Engineering Corp., a California corporation (“Borrower”) promises to pay to Chachas Land Co., Inc., a Nevada corporation (the “Lender”), or to order, the principal sum of Fifty Thousand Dollars ($50,000) or the aggregate unpaid principal amount of all advances made by Lender to Borrower pursuant to the terms of a Revolving Line of Credit Agreement (the “Loan Agreement”) of even date herewith, whichever is less, together with interest thereon from the date each advance is made until paid in full, at an interest rate of nine percent (9%) simple interest per annum (the “Interest Rate”). Interest will be calculated on a basis of a 360-day year and charged for the actual number of days elapsed.
STOCK PLEDGE AGREEMENTStock Pledge Agreement • February 17th, 2012 • Omnitek Engineering Corp • Motor vehicle parts & accessories • California
This Stock Pledge Agreement (this “Agreement”), effective as of February 15, 2012, is entered into between Omnitek Engineering Corp., a California corporation (the “Pledgor”), whose address is 1945 S. Rancho Sante Fe Road, San Marcos, California 92078 and Chachas Land Co., Inc. (the “Secured Party”), whose address is P.O. Box 151538, Ely, Nevada 89315, with reference to the following:
