THIS CREDIT AGREEMENT is made as of the 6th day of March, 2011 BETWEEN: SIDNEY CHAN (herein called the "Lender")Credit Agreement • March 11th, 2011 • Alr Technologies Inc • Communications equipment, nec • Nevada
THIS OPTION AGREEMENT made as of March 6, 2011 BETWEEN: Sidney Chan (herein called the "Optionee" or the "Creditor")Option Agreement • March 11th, 2011 • Alr Technologies Inc • Communications equipment, nec
The Company has requested the Optionee to provide a line of credit of $2,500,000 ( the "Line of Credit") for a comprehensive marketing campaign and in consideration thereof the Company has agreed to grant stock options to the Optionee.
