LOAN AGREEMENTLoan Agreement • February 14th, 2006 • Cell Power Technologies Inc • Patent owners & lessors • New York
THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE SOLD OR OFFERED FOR SALE IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES OR AN OPINION...Common Stock Purchase Warrant • February 14th, 2006 • Cell Power Technologies Inc • Patent owners & lessors
Cell Power Technologies, Inc. 1428 36th Street, Suite 205 Brooklyn, New York 11218Loan Agreement • February 14th, 2006 • Cell Power Technologies Inc • Patent owners & lessors
This letter agreement sets forth our understanding with respect to the extension of the maturity of the Initial Loan. Notwithstanding anything to the contrary set forth in the Loan Agreement or the Initial Note, the Company and the Lender agree that the principal amount of the Initial Loan, together with all interest accrued thereon, shall be due and payable on April 21, 2006. The Lender waives any rights it may have (under the Loan Agreement, at law or otherwise) as a result of the Company's failure to repay the principal amount of the Initial Loan, together with all interest accrued thereon, when due as originally contemplated by the Loan Agreement. In consideration of the Lender agreeing to extend the term of the Initial Loan and waive its rights as set forth herein, the Company agrees to (i) issue to the Lender a warrant to purchase 180,000 shares of Common Stock, exercisable for two years at an exercise price of $0.05 per share and otherwise having terms and conditions identical t
