COMMON STOCK PURCHASE WARRANTITP Energy Corp • May 5th, 2011 • Telephone communications (no radiotelephone) • Delaware
For value received, ITP Energy Corporation, a Nevada corporation (the “Corporation”), hereby grants to , or its transferees and assigns (the “Holder”), the right to purchase from the Corporation a total of shares of the Corporation’s Common Stock, $.001 par value (the “Warrant Shares”), at a price of per share (the “Exercise Price”). The Exercise Price and the number of Warrant Shares (and the amount and kind of other securities) for which this Warrant is exercisable shall be subject to adjustment as provided herein.
Loan ContractITP Energy Corp • May 5th, 2011 • Telephone communications (no radiotelephone)
- ITP SPA, formerly ITP SRL, converted by a deed by Notary Public Giulio Majo of Rome of 22 December 2009, index 25462, volume no. 6689, which is attached to this contract as annex "A1",
UNSECURED VARIABLE RATE LOAN CONTRACTITP Energy Corp • May 5th, 2011 • Telephone communications (no radiotelephone)
With regard to your request, we inform you that we are willing to grant you a loan with an overall value of Euro 1,500,000.00 (one million five-hundred thousand, hereinafter the “Reference Sum”) to be used for the acquisition of a stake in the company “BENELLI OIL AND GAS SRL” with headquarters in Bologna, Via del Tappezziere n. 4, fiscal code and VAT number 02928451208 at the terms and conditions envisaged by the present contract and “Summary document” which, once signed by the parties, will be attached to the present proposal to form an integral part thereof.
