SUBSCRIPTION AGREEMENT Principal Solar, Inc. NOTICE TO INVESTORSSubscription Agreement • February 23rd, 2022 • Principal Solar, Inc. • Electric services • Delaware
The securities of Principal Solar, Inc., a Delaware corporation (the “Company”), to which this Subscription Agreement relates, represent an investment that involves a high degree of risk, suitable only for persons who can bear the economic risk for an indefinite period of time and who can afford to lose their entire investments. Investors should further understand that this investment is illiquid and is expected to continue to be illiquid for an indefinite period of time. No public market exists for the securities to which this Subscription Agreement relates.
10% PROMISSORY NOTESecurity Agreement • February 23rd, 2022 • Principal Solar, Inc. • Electric services • Florida
THIS IS A 10% PROMISSORY NOTE of Principal Solar, Inc. (the “Company”), a Delaware Corporation, having its principal place of business at 100 Crescent Court, Suite 700, Dallas, Texas 75201 (this “Note”), which represents a duly authorized and validly issued debt of the Company.
DEVELOPMENT AGREEMENTDevelopment Agreement • February 23rd, 2022 • Principal Solar, Inc. • Electric services • New York
This Development Agreement (this “Agreement”) is made as of July 15, 2021 (“Effective Date”), by and between IPLTech Electric Private Limited, a private limited corporation incorporated and existing under the laws of India (“Developer”), and Principal Solar Inc., a Delaware corporation (the “Company”). Developer and Company may be referred to herein as a “Party” and collectively as the “Parties.”
