Flexpower Inc. (FLXP)

[PayDirt!]

So I want to make sure I get this right, Beside the repayment of the loan, we get one of these also.


1. The lesser of $100,000 worth of stock, the face value of the debt still outstanding, or 5% of the outstanding stock as of December 31st each year at a strike price based on the average price per share traded in the previous 90 days.

2. The stock warrants can only be exercised once in a calendar year, beginning June 30th, 2009.