NOTE SUBSCRIPTION AND AMENDMENT AGREEMENTNote Subscription and Amendment Agreement • May 5th, 2009 • China Recycling Energy Corp • Services-business services, nec • New York
This NOTE SUBSCRIPTION AND AMENDMENT AGREEMENT is dated as of April 29, 2009 (the “Agreement”), and is entered into in connection with that certain Stock and Notes Purchase Agreement, dated as of November 16, 2007, as amended April 29, 2008 (the “Purchase Agreement”), by and among China Recycling Energy Corporation, a Nevada corporation (the “Company”) and Carlyle Asia Growth Partners III, L.P., a limited partnership organized under the laws of the Cayman Islands (“CAGP”), and CAGP III Co-Investment, L.P., a limited partnership organized under the laws of the Cayman Islands (together with CAGP, each, an “Investor” and collectively, the “Investors”). All capitalized terms used but not defined herein shall have the meaning ascribed to them in the Purchase Agreement.
