FORM OF NOTENeah Power Systems, Inc. • December 29th, 2006 • Miscellaneous electrical machinery, equipment & supplies • New York
THIS NOTE is one of a duly authorized issue of up to $1,550,000 of NEAH POWER SYSTEMS, INC., a corporation organized and existing under the laws of the State of Nevada (the "Company"), designated as its 6% Secured Promissory Note Series 06-01.
BRIDGE LOAN AGREEMENTBridge Loan Agreement • December 29th, 2006 • Neah Power Systems, Inc. • Miscellaneous electrical machinery, equipment & supplies • New York
THIS BRIDGE LOAN AGREEMENT, dated as of December 27, 2006, is entered into by and between NEAH POWER SYSTEMS, INC., a Nevada corporation with headquarters located at 22122 20th Avenue, SE, Suite 161, Bothell, Washington 98021 (the “Company”), and each individual or entity named on a signature page hereto (as used herein, each such signatory is referred to as the “Buyer” or a “Buyer”) (each agreement with a Buyer being deemed a separate and independent agreement between the Company and such Buyer, except that each Buyer acknowledges and consents to the rights granted to each other Buyer [each, an “Other Buyer”] under such agreement and the Transaction Agreements, as defined below, referred to therein).
