Notice of Repricing of Common Stock Purchase Warrants by ICP Solar Technologies Inc.

Summary

ICP Solar Technologies Inc. has announced to holders of its common stock purchase warrants, originally issued on May 18, 2007, that the exercise price of these warrants has been reduced to $0.50. This change was authorized by the company's board of directors on February 14, 2008. The notice is signed by Sass Peress, President and CEO, and is intended to inform all warrant holders of the new exercise price.

EX-4.2 3 icpexh42.htm EXHIBIT 4.2 ICP Solar Technologies Inc.: Exhibit 4.2 - Prepared by TNT Filings Inc.

Exhibit 4.2

ICP SOLAR TECHNOLOGIES INC.
7075 Place Robert-Joncas
Montreal, Quebec
H4M 2Z2, Canada
(514 ###-###-####

NOTICE REPRICING
COMMON STOCK PURCHASE WARRANTS

To the holders of our common stock purchase warrants:

On February 14, 2008, the board of directors of ICP Solar Technologies Inc., authorized the repricing of the exercise price of the common stock purchase warrants described below to $0.50. This repricing of the common stock purchase warrants will apply to all of the warrants issued on May 18, 2007.

February 20, 2008

By ORDER OF THE BOARD OF DIRECTORS,

ICP SOLAR TECHNOLOGIES INC.
By: /s/ Sass Peress                                                   
       Sass Peress
       President and Chief Executive Officer