Document:

EXHIBIT
10.34

     

    AMENDMENT
TO PROMISSORY NOTE

     

    AMENDMENT, DATED OCTOBER 11, 2010, TO
PROMISSORY NOTE, dated as of February 26, 2010, made by and between Li-ion
Motors Corp., a Nevada corporation, with its principal offices located at 4894
Lone Mountain Road #168 (the “Borrower”) and Frontline Asset Management Inc., a
Nevada corporation, having an office at 4933 West Craig Rd. #126, Las Vegas, NV
89130 (the “Holder”).  Capitalized terms used herein and not otherwise
defined herein shall have the meaning assigned to such term in the Original
Note.

     

    WHEREAS, the Borrower and the Holder
are parties to that certain Promissory Note, dated February 26, 2010 (the
“Original Note”) pursuant to which the Borrower has borrowed the amount of
$2,000,000 from the Holder;

     

    WHEREAS, the Original Note provides
that the Maturity Date shall be March 1, 2011; and

     

    WHEREAS, the Borrower and the Holder
have agreed to extend the Maturity Date and to amend Section 4 of the Original
Note in order to provide the Borrower with additional time to secure financing;
and

     

    WHEREAS, in accordance with the terms
and conditions of the Original Note, the Borrower and the Holder hereby approve
the amendment of the Original Note as set forth herein.

     

    NOW, THEREFORE, in consideration of the
foregoing and the mutual covenants contained herein, the parties agree as
follows:

     

    
      	
               
      

            	
              1.

            	
              By
      their respective execution of this Agreement, the Borrower and the Holder
      agree that the term “Maturity Date” shall mean March 1,
    2012.

            

    

     

    2.            By
their respective execution of this Agreement, the Borrower and the Holder agree
that Section 4 of the Original Note is hereby amended to read in its entirety as
follows:

     

    3.           By
their respective execution of this Agreement, the Borrower and the Holder agree
that Section 4 of the Original Note is hereby amended to read in its entirety as
follows:

     

    Section
4.  Maturity
Date.

     

    The
entire principal balance of this note, together with all accrued and unpaid
interest, shall be due and payable on March 1, 2012 ("maturity date"), unless
otherwise prepaid in accordance with the terms of this note.

     

    4.       
    Except as expressly provided herein, the Original Note
shall continue in full force and effect.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      
        
          
            	 
      	
                    LI-ION
      MOTORS CORP.

                  
	 
      	 
      	 
      
	 
      	
                    /s/
      Stacey Fling

                  	 
      
	 
      	 
      	 
      
	 
      	
                    By:

                  	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	
                    Name:

                  	 
      
	 
      	 
      	 
      
	 
      	
                    Title:

                  	 
      

          

        

      

    

     

    
      
        
          
            	 
      	
                    FRONTLINE
      ASSET MANAGEMENT INC.

                  
	 
      	 
      	 
      
	 
      	
                    By:

                  	 
      	 
      
	 
      	 
      	 
      
	 
      	
                    Name:

                  	 
      
	 
      	 
      	 
      
	 
      	
                    Title:EXHIBIT
10.35

     

    AMENDMENT
TO LICENSE AGREEMENT

     

    AMENDMENT, DATED AS OF OCTOBER 11,
2010, TO LICENSE AGREEMENT, dated as of May 28, 2010 (“License Agreement”), made
by and between Li-ion Motors Corp., a Nevada corporation, with its principal
offices located at 4894 Lone Mountain Road, Las Vegas, Nevada 89130 (the
“Licensor”), and Lithium Electric Vehicle Corp., having an office in the city of
Calgary, in the Province of Alberta (the “Licensee”).  Capitalized
terms used herein and not otherwise defined herein shall have the meaning
assigned to such term in the License Agreement.

     

    WHEREAS, the Licensor and the Licensee
are parties to that certain License Agreement, dated May 28, 2010;

     

    WHEREAS, the License Agreement does not
provide for a fixed term for the license rights granted under the License
Agreement; and

     

    WHEREAS, the Licensor and the Licensee
have agreed to provide for a term of 10 years for the License Agreement;
and

     

    WHEREAS, in accordance with the terms
and conditions of the License Agreement, the Licensor and the Licensee hereby
approve the amendment of the License Agreement as set forth herein.

     

    NOW, THEREFORE, in consideration of the
foregoing and the mutual covenants contained herein, the parties agree as
follows:

     

    
      	
               
      

            	
              2.

            	
              By
      their respective execution of this Agreement, the Licensor and the
      Licensee agree that the term of the License Agreement shall be ten (10)
      years from the May 28, 2010 effective date of the License
      Agreement.

            

    

     

    2.            By
their respective execution of this Agreement, the Licensor and the Licensee
agree that the License Agreement shall be amended by the addition of a new
Section 2.3 to read in its entirety as follows:

     

    2.3           The
term of this Agreement shall be for a period of ten (10) years from the
effective date set forth above, subject to the provisions hereof providing for
earlier termination upon the occurrence of an event of default or otherwise as
provided herein.

     

    3.            Except
as expressly provided herein, the License Agreement shall continue in full force
and effect.

     

    
      
        
          	 
      	
                  LI-ION
      MOTORS CORP.

                	 
      
	 
      	 
      	 
      
	 
      	
                  /s/
      Stacey Fling

                	 
      
	 
      	 
      	 
      	 
      
	 
      	
                  By:

                	 
      	 
      
	 
      	 
      	 
      
	 
      	
                  Name:
      Stacey Fling

                	 
      
	 
      	 
      	 
      
	 
      	
                  Title:
      President

                	 
      

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      
        
          	 
      	
                  LITHIUM
      ELECTRIC VEHICLE CORP.

                	 
      
	 
      	 
      	 
      
	 
      	
                  /s/
      Rahim Mohamed

                	 
      
	 
      	 
      	 
      	 
      
	 
      	
                  By:

                	 
      	 
      
	 
      	 
      	 
      
	 
      	
                  Name:
      Rahim Mohamed

                	 
      
	 
      	 
      	 
      
	 
      	
                  Title:  PresidentEXHIBIT
10.36

     

    AMENDMENT
TO LOAN AGREEMENT

     

    AMENDMENT, DATED AS OF OCTOBER 12,
2010, TO LOAN AGREEMENT, dated as of May 5, 2008 (“Original Loan Agreement”),
made by and between Li-ion Motors Corp., a Nevada corporation, with its
principal offices located at 4894 Lone Mountain Road, Las Vegas, Nevada 89130
(the “Borrower”), and Crystal Capital Ventures Inc., having an office at 1274
Sundial Avenue, Coral Grove, P.O. Box 2135, Belize City, Belize (the
“Lender”).  Capitalized terms used herein and not otherwise defined
herein shall have the meaning assigned to such term in the Original Loan
Agreement.

     

    WHEREAS, the Borrower and the Lender
are parties to that certain Original Loan Agreement, dated May 5, 2008, pursuant
to which the Borrower has borrowed the amount of $3,000,000 from the
Lender;

     

    WHEREAS, the Original Loan Agreement
provides that the maturity date of each Loan Installment evidenced by a Note
shall be due on the date that is three (3) years from the date on which the
Installment is advanced to the Borrower (“Loan Installment Maturity Date”);
and

     

    WHEREAS, the Borrower and the Lender
have agreed to extend the Loan Installment Maturity Date and to amend Section
3.1 of the Original Loan Agreement in order to provide the Borrower with
additional time for repayment; and

     

    WHEREAS, in accordance with the terms
and conditions of the Original Loan Agreement, the Borrower and the Lender
hereby approve the amendment of the Original Loan Agreement as set forth
herein.

     

    NOW, THEREFORE, in consideration of the
foregoing and the mutual covenants contained herein, the parties agree as
follows:

     

    
      	
               
      

            	
              1.

            	
              By
      their respective execution of this Agreement, the Borrower and the Lender
      agree that the term “Loan Installment Maturity Date” shall mean four years
      from the date that the Installment under the Original Loan Agreement has
      been advanced to the Borrower.

            

    

     

    2.            By
their respective execution of this Agreement, the Borrower and the Lender agree
that Section 3.1 of the Original Loan Agreement is hereby amended to read in its
entirety as follows:

     

    3.1          Repayment
of Principal; Interest

     

    Subject
to section 8.2, the Borrower hereby promises to repay the principal of each Loan
Installment evidenced by a Note on the date that is four (4) years from the date
on which the Installment is advanced to the Borrower.  The Interest on
the Loan shall be payable monthly in arrears on the first day of the following
month.

     

    3.            Except
as expressly provided herein, the Original Loan Agreement shall continue in full
force and effect.

     

    
      
        
          	 
      	
                  LI-ION
      MOTORS CORP.

                	 
      
	 
      	 
      	 
      
	 
      	
                  /s/
      Stacey Fling

                	 
      
	 
      	 
      	 
      	 
      
	 
      	
                  By:

                	 
      	 
      
	 
      	 
      	 
      
	 
      	
                  Name:
      Stacey Fling

                	 
      
	 
      	 
      	 
      
	 
      	
                  Title:
      President

                	 
      

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      
        
          
            
              
                	 
      	
                        CRYSTAL
      CAPITAL VENTURES INC.

                      	 
      
	 
      	 
      	 
      
	 
      	
                        /s/
      Andrew Godfrey

                      	 
      
	 	 	 	 
	 
      	
                        By:

                      	 
      	 
      
	 	 	 
	 
      	
                        Name:
      Andrew Godfrey

                      	 
      
	 	 	 
	 
      	
                        Title:  President

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