REDEMPTION, STOCK SALE AND RELEASE AGREEMENTRedemption, Stock Sale and Release Agreement • January 8th, 2007 • Hydrogen Power International Inc • Mortgage bankers & loan correspondents • Delaware
This Redemption, Stock Sale And Release Agreement (the “Agreement”) is dated as of the 2nd day of January, 2007, and is by and between Hydrogen Power, Inc. (f/k/a Equitex, Inc.), a Delaware corporation (“HPI”), and FastFunds Financial Corporation (f/k/a Seven Ventures, Inc.), a Nevada corporation (the ”FastFunds”).
NOTE AND SECURITY AMENDMENT AGREEMENTNote and Security Amendment Agreement • January 8th, 2007 • Hydrogen Power International Inc • Mortgage bankers & loan correspondents
THIS NOTE AND SECURITY AMENDMENT AGREEMENT (the “Agreement”) is made and entered into as of the 29th day of December, 2006, by and among Hydrogen Power, Inc. (f/k/a Equitex, Inc.), a Delaware corporation (“HPI”), FastFunds Financial Corporation (f/k/a Seven Ventures, Inc.), a Nevada corporation (“FastFunds”), Pandora Select Partners, L.P., a British Virgin Islands limited partnership (“Pandora”), and Whitebox Hedged High Yield Partners, L.P., a British Virgin Islands limited partnership (“Whitebox” together with Pandora, the “Secured Parties”).
HYDROGEN POWER, INC. Seattle, WA 98101 December 29, 2006Hydrogen Power International Inc • January 8th, 2007 • Mortgage bankers & loan correspondents
This letter reflects the understanding between you, Gulfsteam and Beacon, on one hand, and HPI, on the other hand, regarding the payment by HPI of its outstanding obligations to such parties. As of December 29, 2006, HPI acknowledges that it has debt obligations to you and Gulfstream and Beacon, two wholly owned affiliates of yours, in the aggregate amount of $653,500 in principal and interest (the “Obligations”). In full satisfaction of the Obligations, HPI has agreed to, on the date of your execution and delivery of this letter to HPI:
CONSULTING AGREEMENTConsulting Agreement • January 8th, 2007 • Hydrogen Power International Inc • Mortgage bankers & loan correspondents • Colorado
This CONSULTING AGREEMENT (the “Agreement”) is entered into as of the 29th day of December, 2006 by and between HF Services LLC (“Consultant”), and Hydrogen Power, Inc., a Delaware corporation (the “Company”).
