CONVERTIBLE PROMISSORY NOTE AND SECURITY AGREEMENTConvertible Promissory Note and Security Agreement • December 7th, 2012 • IDS Solar Technologies, Inc. • Services-personal services
For good and valuable consideration, IDS SOLAR TECHNOLOGIES, INC., a Nevada corporation, ("Maker"), hereby makes and delivers this Convertible Promissory Note and Security Agreement (this "Note") in favor of Steven J. Caspi or his assigns ("Holder"), and hereby agree as follows:
STOCK PURCHASE WARRANT To Purchase 15,625 Shares of Common Stock of IDS Solar Technologies, Inc.Stock Purchase Warrant • December 7th, 2012 • IDS Solar Technologies, Inc. • Services-personal services • Nevada
THIS CERTIFIES that, for value received, Steven J. Caspi (the "Holder"), shall have the right to purchase from IDS Solar Technologies, Inc., a Nevada corporation (the "Company"), 15,625 fully paid and non-assessable shares of the Company's common stock, par value $0.001 per share (the "Common Stock") at an Exercise Price as described below, at any time on or before five (5) years from the date of issuance and delivery (the "Termination Date").
