PURCHASE AGREEMENTPurchase Agreement • November 16th, 2007 • Neah Power Systems, Inc. • Miscellaneous electrical machinery, equipment & supplies • Nevada
THIS PURCHASE AGREEMENT (the “Agreement”) is entered into and effective as of November 9, 2007 (“Effective Date”), by and among Neah Power Systems, Inc., a Nevada corporation (the “Company”), and EPD Investment Co., LLC, a California limited liability company (the “Purchaser”).
COMMON STOCK PURCHASE WARRANT To Purchase 500,000 Shares of Common Stock of NEAH POWER SYSTEMS, INC.Neah Power • November 16th, 2007 • Neah Power Systems, Inc. • Miscellaneous electrical machinery, equipment & supplies
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, EPD Investment Co., LLC, a California limited liability company, or its assignee or designee (the “Holder”), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to the close of business on the five-year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Neah Power Systems, Inc., a Nevada corporation (the “Company”), five hundred thousand (500,000) shares (the “Warrant Shares”) of Common Stock, $.001 par value, of the Company (the “Common Stock”). The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
SECURITY INTEREST AGREEMENTSecurity Interest Agreement • November 16th, 2007 • Neah Power Systems, Inc. • Miscellaneous electrical machinery, equipment & supplies • Nevada
SECURITY INTEREST AGREEMENT (“Security Agreement”), dated as of November 12, 2007, by and among EPD Investment Co., LLC, a California limited liability company (“Secured Party” and collectively with any assignee or designee, the “Secured Parties”) and Neah Power Systems, Inc., a Nevada corporation (the “Debtor”).
