Loan
Contract Categories:
Business Finance
- Loan Agreements
EX-10.1 2 exh_101.htm EXHIBIT 10.1
Exhibit 10.1
This letter agreement is between Kanis SA of P O Box 986, Third Floor, Geneva Place
Road Town, Tortola British Virgin Islands VG1110 and Clean Diesel Technologies, Inc. of 1621 Fiske Place Oxnard, CA 93033 USA made 7th October 2015.
The following documents the agreed-to changes in terms for the loans from Kanis SA to Clean Diesel Technologies, Inc.
| Loan
| Principal
| Interest Rate | Current Maturity Date | Revised Maturity Date |
| 1 | $1,500,000 | 8% | 01 October 2016 | 01 October 2018 |
| 2 | $3,000,000 | 8% | 01 October 2016 | 01 October 2018 |
| 3 | $3,000,000 | 8% | 01 October 2016 | 01 October 2018 |
In consideration for this debt extension, CDTi will adjust the existing warrants in accordance with the table below.
| Warrant Number | Revised
Expiration Date
| Number
| Current Strike Price | Revised Strike Price |
| 12-03 | 11 November 2019 | 25,000 | $10.40 | $1.75 |
| 3 | 11 November 2019 | 5,000 | $3.80 | $1.75 |
| 4 | 11 November 2019 | 45,000 | $2.09 | $1.75 |
| 5 | 11 November 2019 | 94,000 | $1.25 | Unchanged |
| 31 | 11 November 2019 | 80,000 | $1.75 | Unchanged |
| Kanis SA | Clean Diesel Technology, Inc. |
| by: /s/ Christiane Maret | by: /s/ David E. Shea |
| by: /s/ Daniel Berger | its: Chief Financial Officer |
| its: Directors |
1621 Fiske Place, Oxnard, California 93033 ● Tel ###-###-#### ● Fax ###-###-#### ● www.cdti.com
