Document:

PROMISSORY
 NOTE

 

	$52,000	October 17, 2012

 

FOR
GOOD AND VALUABLE
CONSIDERATION, the receipt
and sufficiency of
which is hereby acknowledged,
Sunvalley Solar, Inc.,
a Nevada corporation, ("Maker") hereby promises to pay to
the order of Hangbo Yu ("Holder") the sum of FIFTY-TWO THOUSAND DOLLARS
($52,000). This Note shall bear
interest at the rate of six and one-half percent (6.5%)
per annum. All principal and interest due
hereunder shall be paid on or before October 17, 2013.

 

Maker
hereby waives presentment,
dishonor, notice of
dishonor and protest. 
All parties hereto consent
to, and Holder
is expressly authorized
to make, without
notice, any and
all renewals, extensions, modifications, or waivers of the time for or the
terms of payment of any sum or sums
due hereunder, or under any documents or
instruments relating to or securing
this Note, or of the performance of any
covenants, conditions or agreements hereof
or thereof or the taking or release of collateral
securing this Note.  Any
such action by Holder shall not
discharge the · liability of any
party to this Note.

 

This
Note shall be
governed by and
construed in accordance
with the laws
of the State
of Nevada without regard to
conflict of law
principles.  Maker shall also pay
Holder any and all costs of collection incurred
in connection with this Note, including court
costs and reasonable attorney's fees.

 

Sunvalley Solar,
Inc.

 

/s/ Hangbo Yu

By: Hangbo Yu, General ManagerSunvalley Solar Inc.

398 Lemon Creek Suite A, Walnut,
CA 91789

Tel: (909)598-0618Fax: (909)598-6633

 

 

 

Date: 01/24/2013

 

Private Loan Agreement

 

 

Due to the rapid business development,
the Company needs funds for operation and inventory purchase. The Board of Directors authorize James Zhang (CEO/Chairman) on behalf
of the Company, to sign a short term loan agreement with Hangbo Yu (Shareholder/General Manager). The loan amount is $90,000. The
start day will be the day that $90,000 is transferred to the Company's account. The annual interest for this short-term loan is
$6.50% and the term of this loan should be less than a year.

 

 

 

Borrower:

 

/s/ James Zhang

James Zhang

CEO

Sunvalley Solar Inc.

 

 

 

Lender:

 

/s/ Hangbo Yu

Hangbo YuSunvalley Solar Inc.

398 Lemon Creek Suite A, Walnut.
CA 91789

Tel: (909)598-0618Fax: (909)598-6633

 

 

 

Date: 02/20/2013

 

Private Loan Agreement

 

Due to the rapid business development,
the Company needs funds for operation and inventory purchase. The Board of Directors authorize James Zhang (CEO/Chairman) on behalf
of the Company, to sign a short term loan agreement with Hangbo Yu (Shareholder/General Manager). The loan amount is $20,000. The
start day will be the day that $20,000 is transferred to the Company's account The annual interest for this short-term loan is
$6.50% and the term of this loan should be less than a year.

 

 

Borrower:

 

/s/ James Zhang

James Zhang

CEO

Sunvalley Solar Inc.

 

 

 

Lender:

 

/s/ Hangbo Yu

Hangbo YuSunvalley Solar Inc.

398 Lemon Creek Suite A, Walnut.
CA 91789

Tel: (909)598-0618Fax: (909)598-6633

 

 

 

Date: 4/4/2013

 

Private Loan Agreement

 

Due to the rapid business development; the Company needs
funds for operation and inventory purchase. The Board of Directors authorize Hangbo Yu (General Manager), on behalf of the Company,
to sign a short term loan agreement with James Zhang (shareholder/CEO). The loan amount is $50,000. The start day will be the day
that $50,000 is transferred to the Company's account. The annual interest for this short-term loan is $6.50% and the term of this
loan should be less than a year.

 

 

Borrower:

 

/s/ Hangbo Yu

Hangbo Yu, General Manager

Sunvalley Solar Inc.

 

 

 

Lender:

 

/s/ James Zhang

James ZhangPROMISSORY NOTE

LOAN

$46,351.72Date: December 31, 2012

 

FOR VALUE RECEIVED, the undersigned, Skinvisible, Inc., of
6320 South Sandhill Road, Suite 10, Las Vegas, NV 89120 promises to pay to the order of Terry Howlett ("Lender"),
whose address is 356 Vincents Hollow Circle, Henderson, NV. 89052, or such other place as the Lender may designate in writing to
the undersigned, the principal sum of Forty Six Thousand Three Hundred and Fifty One Dollars and Seventy Two Cents ($46,351.72),
together with interest thereon from date hereof until paid, at the rate of ten percent (10%) per annum as follows: The entire principal
and interest amount shall be repaid on or before December 31, 2017.

 

All or any part of the aforesaid principal sum may be prepaid
at any time and from time to time without penalty. This note is in regards to a loan made.

 

Upon written request by Lender, the principal of this loan
may be converted to common shares of Skinvisible, Inc. at the price of Three Cents ($0.03) per share at any time
up until December 31, 2017. In addition, the Company will issue a warrant agreement in the name of your designate, which
will give the holder the right to purchase further shares at Four Cents ($0.04) per share if exercised within 3 years
following the conversion date. The warrant agreement will give the holder the right to purchase one share for every two shares
acquired by the holder in this transaction for an aggregate total of Seven Hundred and Seventy Two Thousand Five Hundred and
Fifty Three (772,533) additional shares at the above price.

 

This note is made and executed under, and is in all respects
governed by, the laws of the State of Nevada.

 

	/s/Terry Howlett
	Skinvisible, Inc.PROMISSORY NOTE

2012 Q3+Q4 SALARY/BONUS/VACATION/INTEREST/ADJMTS

 

$45,156.03Date: December 31, 2012

 

FOR VALUE RECEIVED, the undersigned, Skinvisible, Inc., of
6320 South Sandhill Road, Suite 10, Las Vegas, NV 89120 promises to pay to the order of Terry Howlett ("Lender"),
whose address is 356 Vincents Hollow Circle, Henderson, NV. 89052, or such other place as the Lender may designate in writing to
the undersigned, the principal sum of Forty Five Thousand One Hundred and Fifty Six Dollars and Three Cents ($45,156.03),
together with interest thereon from date hereof until paid, at the rate of ten percent (10%) per annum as follows: The entire principal
and interest amount shall be repaid on or before December 31, 2017.

 

All or any part of the aforesaid principal sum may be prepaid
at any time and from time to time without penalty. This note is in regards to gross salary, plus bonuses due from July 1, 2012
to December 31, 2012.

 

Upon written request by Lender, the principal of this loan
may be converted to common shares of Skinvisible, Inc. at the price of Three Cents ($0.03) per share at any time up until
December 31, 2017. In addition, the Company will issue a warrant agreement in the name of your designate, which will give
the holder the right to purchase further shares at Four Cents (S0.04) per share if exercised within 3 years following
the conversion date. The warrant agreement will give the holder the right to purchase one share for every two shares acquired by
the holder in this transaction for an aggregate total of Seven Hundred and Fifty Two Thousand Six Hundred (752,600) additional
shares at the above price.

 

This note is made and executed under, and is in all respects
governed by, the laws of the State of Nevada.

 

	/s/ Terry Howlett
	Skinvisible, Inc.PROMISSORY NOTE – Sal Q3+Q4 2012
& All INT 2012

 

$66,281.08Date: December 31, 2012

 

FOR VALUE RECEIVED, the undersigned, Skinvisible,
Inc., of 6320 South Sandhill Road, Suite 10, Las Vegas, NV 89120 promises to pay to the order of Doreen McMorran (“Lender”),
whose address is 356 Vincents Hollow Circle, Henderson, NV. 89052, or such other place
as the Lender may designate in writing to the undersigned, the principal sum of Sixty-Six Thousand, Two Hundred Eighty-One and
Eight Cents ($66,281.08), together with interest thereon from date hereof until paid, at the rate of ten percent (10%) per
annum as follows: The entire principal and interest amount shall be repaid on or before December 31, 2017.

 

All or any part of the aforesaid principal
sum may be prepaid at any time and from time to time without penalty. This note is in regards to gross salary and bonus due from
July 1, 2013 to December 31, 2012 plus vacation pay and all loan and salary interest for 2012.

 

Upon written request by Lender, the principal
of this loan may be converted to common shares of Skinvisible, Inc. at the price of Three Cents ($0.03) per share at any
time up until December 31, 2017. In addition, the Company will issue a warrant agreement in the name of your designate,
which will give the holder the right to purchase further shares at Four Cents ($0.04) per share if exercised within 3
years following the conversion date. The warrant agreement will give the holder the right to purchase one share for every two
shares acquired by the holder in this transaction for an aggregate total of One Million One Hundred Four Thousand, Six Hundred
and Eighty-Five (1,104,685) additional shares
at the above price.

 

This note is made and executed under, and is in all respects governed
by, the laws of the State of Nevada.

 

/s/ Terry Howlett

Skinvisible, Inc.cote_ex41.htm

EXHIBIT 4.1

 

CERTIFICATE OF DESIGNATION,

PREFERENCES AND RIGHTS

of

SERIES A PREFERRED STOCK

of

Coates International, Ltd.

 (Pursuant to Section 151 of the Delaware General Corporation Law)

 

Pursuant to Section 151 of the General Corporation Law of the State of Delaware, Coates International Ltd., a corporation organized and existing under the General Corporation Law of the State of Delaware (the "Corporation"), in accordance with the provisions of Section 103 thereof, does hereby submit the following:

 

WHEREAS, the Certificate of Incorporation of the Corporation (the "Certificate of Incorporation") authorizes the issuance of up to 100,000,000 shares of preferred stock, par value $0.001 per share, of the Corporation ("Preferred Stock") in one or more series, and expressly authorizes the Board of Directors of the Corporation (the "Board"), subject to limitations prescribed by law, to provide, out of the unissued shares of Preferred Stock, for series of Preferred Stock, and, with respect to each such series, to establish and fix the number of shares to be included in any series of Preferred Stock and the designation, rights, preferences, powers, restrictions and limitations of the shares of such series; and

 

WHEREAS, it is the desire of the Board to establish and fix the number of shares to be included in a new series of Preferred Stock and the designation, rights, preferences and limitations of the shares of such new series.

 

NOW, THEREFORE, BE IT RESOLVED, that the Board does hereby provide for the issue of a series of Preferred Stock and does hereby in this Certificate of Designation (the "Certificate of Designation") establish and fix and herein state and express the designation, rights, preferences, powers, restrictions and limitations of such series of Preferred Stock as follows:

 

I. DESIGNATION AND AMOUNT

 

There shall be a series of Preferred Stock that shall be designated as “Series A Preferred Stock” (the “Series A Preferred Stock”) and the number of shares constituting such series shall be Twenty-Five Thousand (25,000) shares of Preferred Stock, is the Series A Preferred Stock (the “Series A Preferred Stock”) with a par value per share of $0.001. 

 

II. EFFECTIVE DATE

 

This designation became effective for accounting purposes as of April 30, 2009 with respect to 25,000 shares of Series A Preferred Stock, by unanimous consents in lieu of special meetings of the Board of Directors, pursuant to Section 141(f) of the General Corporation Law of Delaware.

 

III. DIVIDENDS 

 

Holders of Series A Preferred Stock shall not have any rights to share in any dividends declared by the Corporation at any time.

 

IV. NO LIQUIDATION PREFERENCE 

 

Upon liquidation, dissolution and winding up of the Corporation, whether voluntary or involuntary, the holders of the Series A Preferred Stock then outstanding shall not be entitled to receive out of the assets of the Corporation, whether from capital or earnings available for distribution, any amounts which will be otherwise available to and distributed to the Common Stockholders.

 

  

1

  

 

V. VOTING RIGHTS 

 

The holders of the Series A Preferred Stock shall be entitled to the right to vote 10,000 shares of common stock with respect to all matters that are required by law to be submitted to a vote of shareholders of any or all classes of voting securities. A holder of the Series A Preferred Stock shall vote together with the holders of Common Stock as a single class upon all matters submitted to the Common Stock shareholders.

 

VI. PROTECTION PROVISIONS 

 

So long as any shares of Series A Preferred Stock are outstanding, the Corporation shall not take any of the following corporate actions (whether by merger, consolidation or otherwise) without first obtaining the approval (by vote or written consent of the Majority Holders: 

 

	
(i)

	
 alter or change the rights, preferences or privileges of the Series A Preferred Stock, or increase the authorized number of shares of Series A Preferred Stock; 

	
(ii)

	
alter or change the rights, preferences or privileges of any capital stock of the Corporation so as to affect adversely the Series A Preferred Stock; 

	
(iii)

	
increase the par value of the Common Stock; 

Notwithstanding the foregoing, no change pursuant to this Article XII shall be effective to the extent that, by its terms, it applies to less than all of the holders of shares of Series A Preferred Stock then outstanding.

 

VII. MISCELLANEOUS 

 

A.       Lost or Stolen Certificates. Upon receipt by the Corporation of (i) evidence of the loss, theft, destruction or mutilation of any Preferred Stock Certificate(s) and (ii) (y) in the case of loss, theft or destruction, indemnity (without any bond or other security) reasonably satisfactory to the Corporation, or (z) in the case of mutilation, the Preferred Stock Certificate(s) (surrendered for cancellation), the Corporation shall execute and deliver new Preferred Stock Certificate(s) of like tenor and date.

 

H.       Waiver. Notwithstanding any provision in this Certificate of Designation to the contrary, any provision contained herein and any right of the holders of Series A Preferred Stock granted hereunder may be waived as to all shares of Series A Preferred Stock (and the holders thereof) upon the written consent of the Majority Holders, unless a higher percentage is required by applicable law, in which case the written consent of the holders of not less than such higher percentage of shares of Series A Preferred Stock shall be required. 

 

I.        Notices. Any notices required or permitted to be given under the terms hereof shall be sent by certified or registered mail (return receipt requested) or delivered personally, by nationally recognized overnight carrier or by confirmed facsimile transmission, and shall be effective five days after being placed in the mail, if mailed, or upon receipt or refusal of receipt, if delivered personally or by nationally recognized overnight carrier or confirmed facsimile transmission, in each case addressed to a party. The addresses for such communications are (i) if to the Corporation to Coates International, Ltd., 2100 Highway 34, Wall, NJ 07719, Telephone (732) 449-7719, Fax: (732) 449-0764, Attention: George J. Coates, and (ii) if to any holder to the address set forth in the Series A Preferred Stock Register, or such other address as may be designated in writing hereafter, in the same manner, by such person.

 

IN WITNESS WHEREOF, this Certificate of Designation is executed on behalf of the Corporation this 9th day of April, 2013.

 

	  	
COATES INTERNATIONAL LTD.

	 
	  	  	 
	  	
By:

	
/s/ George J. Coates

	 
	 	Name:	

George J. Coates

	 
	 	Title:	

President and Chief Executive Officer

	 

 

 

2

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