SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • May 2nd, 2022 • Principal Solar, Inc. • Electric services • Colorado
This SECURITIES PURCHASE AGREEMENT (the “Agreement”) dated as of March 8, 2022, by and between PRINCIPAL SOLAR, INC., a Delaware corporation, with headquarters located at 100 Crescent Court, Suite 700, Dallas, TX 75201 (the “Company”) and GODFREY DAVIS HOLDINGS LLC, a Colorado limited liability company, with its address at 700 Colorado Blvd., #155, Denver, CO 80206 (the “Buyer”).
DEVELOPMENT AGREEMENTDevelopment Agreement • May 2nd, 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.”
SUBSCRIPTION AGREEMENTSubscription Agreement • May 2nd, 2022 • Principal Solar, Inc. • Electric services • Nebraska
THIS SUBSCRIPTION AGREEMENT (this “Agreement”) is entered into by and between ETRUCK TRANSPORTATION, LLC, a Nebraska limited liability company (the “Company”), and the undersigned Subscriber in the Company (“Subscriber”) as of this day of March 15, 2021.
AGREEMENT FOR PURCHASE AND SALE OF MEMBERSHIP INTERESTS OF DOUBLE H SERVICES, LLC.Agreement for Purchase and Sale • May 2nd, 2022 • Principal Solar, Inc. • Electric services • Oklahoma
This Assignment may be executed in any number of identical counterparts, each of which for all purposes is deemed to be an original, but all of which shall constitute collectively one agreement. No party to this Assignment shall be bound hereby until the counterpart of this Assignment has been executed by all parties hereto.
Amendment to Development AgreementDevelopment Agreement • May 2nd, 2022 • Principal Solar, Inc. • Electric services
Effective upon the signing of this amendment, Principal Solar will be granted a 4 month moratorium on payments to IPLTech, while Principal Solar is in the process of filing a new registration statement (S-1 or New Regulation A Plus) and uplisting to either the Nasdaq or the NYSE from the OTC Pink Sheets. Uplisting will ensure a more secure source of funding in the event IPLTech allows Principal Solar to purchase equity in IPLTech. Uplisting will also secure the funds to complete the development deal between the two parties. The moratorium on payments will begin effective immediately upon signing this amendment, and end on April 1, 2022.
ROYALTY AGREEMENTRoyalty Agreement • May 2nd, 2022 • Principal Solar, Inc. • Electric services
This Royalty Agreement (the “Agreement”) is entered into as of this 15th day of March, 2021 (the “Effective Date”) by and between ETruck Transportation, LLC., a Nebraska limited liability company (the “Company”), and Principal Solar, Inc., a Delaware corporation (“PSWW” and together with the Company, the “Parties”). For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged and confessed, the Parties hereby agree as follows:
