STOCK TRANSFER AGREEMENTStock Transfer Agreement • December 23rd, 2011 • Greenman Technologies Inc • Plastics products, nec • Massachusetts
THIS STOCK TRANSFER AGREEMENT (the “Agreement”) is made and entered into as of December 16, 2011 by and between GreenMan Technologies, Inc. (the “Company”), with its principal office located at 7 Kimball Lane, Building A, Lynnfield, Massachusetts 01040 and Iowa State Bank (the “Transferee”) with its principal office located at 5 East Call Street, Algona, Iowa 50511.
CHANGE IN TERMS AGREEMENTChange in Terms Agreement • December 23rd, 2011 • Greenman Technologies Inc • Plastics products, nec
This note is considered cross-collateralized/cross-defaulted with all existing and future collateral/notes of American Power Group, Inc. and GreenMan Technologies, Inc.
CHANGE IN TERMS AGREEMENTChange in Terms Agreement • December 23rd, 2011 • Greenman Technologies Inc • Plastics products, nec
CONTINUING VALIDITY. Except as expressly changed by this Agreement, the terms of the original obligation or obligations, including all agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect. Consent by Lender to this Agreement does not waive Lender's right to strict performance of the obligation(s) as changed, nor obligate Lender to make any future change in terms. Nothing in this Agreement will constitute a satisfaction of the obligation(s). It is the intention of Lender to retain as liable parties all makers and endorsers of the original obligation(s), including accommodation parties, unless a party is expressly released by Lender in writing. Any maker or endorser, including accommodation makers, will not be released by virtue of this Agreement. If any person who signed the original obligation does not sign this Agreement below, then all persons signing below acknowledge that this Agreement is given conditionally, based on the representation
