KANIS S.A. P.O. Box 986 Third Floor Geneva Place Road Town Tortola VG1110 British Virgin IslandsClean Diesel Technologies Inc • July 1st, 2016 • Industrial & commercial fans & blowers & air purifing equip • California
This letter (this “Agreement”) will confirm the agreement of Clean Diesel Technologies, Inc., a Delaware corporation (the “Company”) to an exchange with Kanis S.A. (“Holder”) of an aggregate of $7.5 million in principal amount of promissory notes and other evidences of indebtedness of the Company described on Exhibit A attached hereto (collectively referred to as the “Notes”) currently held by Holder, and all accrued but unpaid interest thereon, for shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), on the terms set forth herein (the “Exchange”).
Debt Subordination AgreementDebt Subordination Agreement • July 1st, 2016 • Clean Diesel Technologies Inc • Industrial & commercial fans & blowers & air purifing equip • California
This Debt Subordination Agreement is executed by the above-named Creditor (“Creditor”) in favor of Haldor Topsøe A/S (“Lender”), with respect to the above-named borrower (“Borrower”). In order to induce Lender to extend or continue to extend financing to the Borrower (but without obligation on Lender’s part to do so), Creditor hereby agrees as follows:
Lon E. Bell, Ph.D. [Address]Clean Diesel Technologies Inc • July 1st, 2016 • Industrial & commercial fans & blowers & air purifing equip • California
This letter (this “Agreement”) will confirm the agreement of Clean Diesel Technologies, Inc., a Delaware corporation (the “Company”) to an exchange with Lon E. Bell, Ph.D. (“Holder”) of a that certain director’s convertible promissory note (amended and restated effective May 12, 2016) in the principal amount of $500,000 (the “Note”) currently held by Holder, and all accrued but unpaid interest thereon, for shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), on the terms set forth herein (the “Exchange”).
NOTE PURCHASE AGREEMENTNote Purchase Agreement • July 1st, 2016 • Clean Diesel Technologies Inc • Industrial & commercial fans & blowers & air purifing equip • California
This Note Purchase Agreement (this “Agreement”) is made as of June 30, 2016, by and between Clean Diesel Technologies, Inc., a Delaware corporation (the “Company”), and Haldor Topsøe A/S, a company organized under the laws of Denmark (“Purchaser”).
