Green Shelters Innovations Ltd., 48, Themistokli Dervi, Centannai Building, Office 701, 1066 Nicosia, Cyprus April 30, 2007Loan Agreement • May 4th, 2007 • Astris Energi Inc • Miscellaneous electrical machinery, equipment & supplies • New York
This letter agreement (this “Letter Agreement”) sets forth the certain terms and conditions whereby GREEN SHELTERS INNOVATIONS LTD., an entity organized under the laws of the Republic of Cyprus (“GSI”), will provide a loan to ASTRIS ENERGI INC., a corporation organized under the laws of the province of Ontario, Canada (“Astris”), evidenced by that certain Secured Convertible Promissory Note to be issued by Astris to GSI (the “Note”).
ASTRIS ENERGI INC. Secured Convertible Promissory NoteSecured Convertible Promissory Note • May 4th, 2007 • Astris Energi Inc • Miscellaneous electrical machinery, equipment & supplies • New York
This Secured Convertible Promissory Note (this “Note”) is issued by ASTRIS ENERGI INC., a corporation organized under the laws of the province of Ontario, Canada (the “Obligor”), to GREEN SHELTERS INNOVATIONS LTD. (the “Holder”), in connection with, and subject to, that certain Letter Agreement, dated as of the date hereof, by and between Holder and Obligor.
