Document:

KAR Auction Services, Inc. 2009 Employee Stock Purchase Plan

 Exhibit 10.3 
 KAR AUCTION SERVICES, INC. 
 EMPLOYEE STOCK PURCHASE
PLAN 
 ARTICLE I 
 PURPOSE AND SCOPE OF THE PLAN 
  

	1.1	Purpose 

 The KAR Auction
Services, Inc. Employee Stock Purchase Plan is intended to encourage employee participation in the ownership and economic progress of the Company. 
  

	1.2	Definitions 

 Unless the
context clearly indicates otherwise, the following terms have the meaning set forth below: 
 Board of Directors or
Board shall mean the Board of Directors of the Company. 
 Code shall mean the Internal Revenue Code of 1986, as
amended from time to time, together with any applicable regulations issued thereunder. 
 Committee shall mean the
committee of officers established by the Board to administer the Plan, which Committee shall administer the Plan as provided in Section 1.3 hereof. 
 Common Stock shall mean shares of the common stock, par value $0.01 per share, of the Company. 
 Company shall mean KAR Auction Services, Inc., a corporation organized under the laws of the State of Delaware, or any successor corporation. 
 Compensation shall mean the fixed salary or base wage paid by the Company to an Employee as reported by the Company to the United
States government (or other applicable government) for income tax purposes, including an Employee’s portion of salary deferral contributions pursuant to Code Section 401(k) and any amount excludable pursuant to Code Section 125, but
excluding any bonus, fee, overtime pay, severance pay, expenses, stock option or other equity incentive income, or other special emolument or any credit or benefit under any employee plan maintained by the Company. 
 Continuous Service shall mean the period of time, uninterrupted by a termination of employment (other than a termination as a result
of a transfer of employment among the Parent, the Company or a Designated Subsidiary), that an Employee has been employed by the Company, a Designated Subsidiary or the Parent (or any combination of the foregoing) immediately preceding an Offering
Date. Such period of time shall include any approved leave of absence. 
 Designated Subsidiary shall mean any subsidiary
of the Company that has been designated by the Committee to participate in the Plan. 

 Employee shall mean any person who is employed by the Company or a Designated
Subsidiary as a common law employee. Any individual who performs services for the Company or a Designated Subsidiary solely through a leasing or employment agency shall not be considered an Employee. 
 Exchange Act shall mean the Securities Exchange Act of 1934, as amended from time to time. 
 Exercise Date shall mean the last business day of each calendar month of each Plan Year, or such other date(s) as determined by the
Committee. 
 Fair Market Value as of a particular date shall mean the fair market value of a share of Common Stock as
determined by the Administrator in its sole discretion; provided, however, that (i) if the Common Stock is admitted to trading on a national securities exchange, the fair market value of a share of Common Stock on any date shall be the closing
sale price reported for such share on such exchange on such date or, if no sale was reported on such date, on the last day preceding such date on which a sale was reported, or (ii) if the shares of Common Stock are not then listed on the New
York Stock Exchange, the average of the highest reported bid and lowest reported asked prices for the shares of Common Stock as reported by the National Association of Securities Dealers, Inc. Automated Quotations System for the last preceding date
on which there was a sale of such stock in such market, or (3) if the shares of Common Stock are not then listed on a national securities exchange or traded in an over-the-counter market or the value of such shares is not otherwise
determinable, such value as determined by the Committee in good faith and in accordance with Code Section 409A. 
 Offering Date shall mean the first business day of each calendar month of each Plan Year, or such other date(s) as determined by the Committee. 
 Option Period or Period shall mean each calendar month commencing on the Effective Date as specified by the Committee in accordance with Section 1.4. 
 Option Price shall mean the purchase price of a share of Common Stock hereunder as provided in Section 3.1 hereof. 

Parent shall mean any corporation in an unbroken chain of corporations ending with the Company, if each of the corporations other
than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock of one of the other corporations in such chain. 
 Participant shall mean any Employee who (i) is eligible to participate in the Plan under Section 2.1 hereof and (ii) elects to participate. 
 Plan shall mean the Company’s Employee Stock Purchase Plan, as the same may be amended from time to time. 
 Plan Account or Account shall mean an account established and maintained in the name of each Participant. 
  

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 Plan Manager shall mean any Employee appointed pursuant to Section 1.3 hereof.

 Plan Year shall mean the twelve (12) month period beginning January 1 and ending on the following
December 31. 
 Stock Purchase Agreement shall mean the form prescribed by the Committee or the Company which must
be completed and executed by an Employee who elects to participate in the Plan. 
  

	1.3	Administration of Plan 

 Subject to oversight by the Board of Directors or the Board’s Compensation Committee, the Committee shall have the authority to administer the Plan and to make and adopt rules and regulations not inconsistent with the provisions of the
Plan or the Code. The Committee shall adopt the form of Stock Purchase Agreement and all notices required hereunder. Its interpretations and decisions in respect to the Plan shall, subject as aforesaid, be final and conclusive. The Committee shall
have the authority to appoint an Employee as Plan Manager and to delegate to the Plan Manager such authority with respect to the administration of the Plan as the Committee, in its sole discretion, deems advisable from time to time. 
  

	1.4	Effective Date of Plan 

 The Plan shall become effective on the date established for that purpose by the Committee, if, prior to that date, the Plan (i) has been adopted by the Board of Directors of the Company and (ii) has been approved by an affirmative
vote of a majority of votes cast by the holders of the Company’s common stock in person or by proxy and entitled to vote on the proposal, at a meeting at which a quorum is present; provided that the Committee shall select the first day of a
calendar month as the Effective Date. 
  

	1.5	Extension or Termination of Plan 

 The Plan shall continue in effect through and including December 31, 2018, unless terminated prior thereto pursuant to Section 4.3 hereof, or by the Board of Directors or the Compensation Committee of the Board, each of which
shall have the right to extend the term of or terminate the Plan at any time. Upon any such termination, the balance, if any, in each Participant’s Account shall be refunded to him, or otherwise disposed of in accordance with policies and
procedures prescribed by the Committee in cases where such a refund may not be possible. 
  

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 ARTICLE II 
 PARTICIPATION 
  

	2.1	Eligibility 

 Each
Employee who is customarily employed as a full time employee of the Company or a Designated Subsidiary shall be eligible to participate in the Plan beginning on the later of the Effective Date or the date that he or she completed six (6) months
of Continuous Service. Each Employee who is customarily employed as a part-time Employee of the Company or a Designated Subsidiary shall be eligible to participate in the Plan beginning on the later of the Effective Date or the date as of which he
or she has completed one year of Continuous Service and been credited with at least one thousand (1,000) “hours of service” (as that term is defined in the KAR Auction Services, Inc. 401(k) Plan). All employment with the Company
and/or a Designated Subsidiary prior to the Effective Date shall be counted for purposes of determining eligibility to participate in the Plan. For purposes of this Section 2.1, whether an Employee is “customarily employed” shall be
determined by the Committee based on the Company’s or Designated Subsidiary’s policies and procedures in effect from time to time. No Employee may participate in the Plan if said Employee, immediately after an Offering Date, would be
deemed for purposes of Code Section 423(b)(3) to possess 5% or more of the total combined voting power or value of all classes of stock of the Company, its Parent or any subsidiary. 
  

	2.2	Ineligible Employees 

 Notwithstanding any provisions of the Plan to the contrary, no Employee shall be granted a right to purchase shares of Common Stock under the Plan to the extent that: 
 (a) immediately after the grant, such Employee would own stock, and/or hold or own options, possessing five percent (5%) or more of the
total combined voting power or value of all classes of stock of the Company, the Parent or any subsidiary corporation (determined under the rules of Sections 423(b)(3) and 424(d) of the Code); 
 (b) immediately after the grant, such Employee’s right to purchase Company Stock under all employee stock purchase plans (as defined in
Section 423 of the Code) of the Company and any related company would accrue at a rate which exceeds $25,000 in Fair Market Value of such Company Stock (determined at the time such purchase right is granted) for each calendar year in which such
purchase right would be outstanding at any time; or 
 (c) such Employee is an officer or director who is subject to the
reporting requirements under Section 16(a) of the Exchange Act. 
  

	2.3	Payroll Deductions 

 Payment for shares of Common Stock purchased hereunder shall be made by authorized payroll deductions from each payment of Compensation in accordance with instructions received from a Participant. Said deductions shall be expressed as a
whole number percentage which shall be at least one percent (1%) but not more than fifteen percent (15%). A Participant may not increase or decrease the deduction during an Option Period. However, a Participant may change the percentage
deduction for any subsequent Option Period by filing notice thereof with the

  

 4 

 
Company prior to the Offering Date on which such Period commences. During an Option Period, a Participant may discontinue payroll deductions but have the payroll deductions previously made during
that Option Period remain in the Participant’s Account to purchase Common Stock on the next Exercise Date, provided that he or she is an Employee as of that Exercise Date. Any amount remaining in the Participant’s Account after the
purchase of Common Stock shall be refunded without interest upon the written request of the Participant. Any Participant who discontinues payroll deductions during an Option Period may again become a Participant for a subsequent Option Period by
executing and filing another Stock Purchase Agreement in accordance with Section 2.1. Amounts deducted from a Participant’s Compensation pursuant to this Section 2.3 shall be credited to said Participant’s Account. 
 An eligible Employee may also elect to participate in the Plan solely through optional cash payments in whole dollars (and no payroll
deductions) in accordance with such procedures as the Committee shall prescribe. Optional cash payments by a Participant cannot be less than twenty-five dollars ($25 U.S.) per payment. A Participant who elects to participate in the optional cash
payment only feature may at any time elect to enroll also in the payroll deduction feature by notifying the Company in accordance with such procedures as the Committee shall prescribe. In the case of Participants whose Compensation is not paid in
the currency of the United States, the Committee shall periodically determine, not less frequently than once per calendar year, a minimum payroll deduction that is comparable to ten dollars ($10 U.S.), and a minimum optional cash payment that is
comparable to twenty-five dollars ($25 U.S.), based on applicable currency exchange rates as determined by the Committee. 
 ARTICLE III 
 PURCHASE OF SHARES 
  

	3.1	Option Price 

 The Option
Price per share of the Common Stock sold to Participants hereunder shall be eighty-five percent (85%) of the Fair Market Value of such share on the Exercise Date of an Option Period, but in no event shall the Option Price per share be less than
the par value of the Common Stock. 
  

	3.2	Purchase of Shares 

 On
each Exercise Date, the amount in a Participant’s Account shall be charged with the aggregate Option Price of the largest number of shares of Common Stock, including fractional shares, which can be purchased with said amount. The balance, if
any, in such account shall be carried forward to the next succeeding Option Period. 
  

	3.3	Limitations on Purchase 

 Notwithstanding any provisions of the Plan to the contrary, no Employee shall be granted an option under the Plan if, immediately after the grant, such Employee’s right to purchase Common Stock under all employee stock purchase plans
(as defined in Section 423 of the Code) of the Company and any related company would accrue at a rate which exceeds $25,000 in Market Value of such Common Stock (determined at the time such purchase right is granted) for each calendar year in
which such purchase right would be outstanding at any time. 
  

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 To the extent necessary to comply with Code Section 423(b)(8) and the limitations on
purchase in this Section 3.3, a Participant’s payroll deductions may be decreased to 0% during any Option Period which is scheduled to end during any calendar year, such that the aggregate of all payroll deductions accumulated with respect
to such Option Period and any other Option Period ending within the same calendar year is no greater than twenty-five thousand dollars ($25,000). Payroll deductions shall re-commence at the rate provided in such Participant’s Stock Purchase
Agreement at the beginning of the first Option Period which is scheduled to end in the following calendar year, unless suspended by the Participant pursuant to Section 2.3 of the Plan. 
  

	3.4	Transferability of Rights 

 Rights to purchase shares hereunder shall be exercisable only by the Participant. Such rights shall not be transferable. 
 ARTICLE IV 
 PROVISIONS RELATING TO COMMON STOCK 
  

	4.1	Common Stock Reserved 

 There shall be a maximum of 1,000,000 shares of Common Stock reserved for the Plan, subject to adjustment in accordance with Section 4.2 hereof. The aggregate number of shares which may be purchased under the Plan shall not exceed the
number of shares reserved for the Plan. 
  

	4.2	Adjustment for Changes in Common Stock 

 In the event that adjustments are made in the number of outstanding shares of Common Stock or said shares are exchanged for a different class of stock of the Company or for shares of stock of any other
corporation by reason of merger, consolidation, stock dividend, stock split or otherwise, the Committee shall make appropriate adjustments in (i) the number and class of shares or other securities that may be reserved for purchase, or
purchased, hereunder, and (ii) the Option Price. All such adjustments shall be made in the sole discretion of the Committee, and its decision shall be binding and conclusive. 
  

	4.3	Insufficient Shares 

 If
the aggregate funds available for purchase of Common Stock on any Exercise Date would cause an issuance of shares in excess of the number provided for in Section 4.1 hereof, (i) the Committee shall proportionately reduce the number of
shares which would otherwise be purchased by each Participant in order to eliminate such excess and (ii) the Plan shall automatically terminate immediately after such Exercise Date. 
  

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	4.4	Confirmation 

 Confirmation of each purchase of Common Stock hereunder shall be made available to the Participant in either written or electronic format. A record of purchases shall be maintained by appropriate entries on the books of the Company.
Participants may obtain a certificate or certificates for all or part of the shares of Common Stock purchased hereunder upon making a written request. Unless otherwise determined by the Committee, shares of Common Stock delivered to a Participant
hereunder may not be assigned, transferred, pledged or otherwise disposed of in any way by the Participant during the six (6) month period following such delivery to the Participant (other than by will, the laws of descent and distribution) and
the shares of Common Stock shall bear a legend denoting such restrictions as may be determined by the Committee to be appropriate. 
  

	4.5	Rights as Shareholders 

 The shares of Common Stock purchased by a Participant on an Exercise Date shall, for all purposes, be deemed to have been issued and sold as of the close of business on such Exercise Date. Prior to that time, none of the rights or
privileges of a shareholder of the Company shall exist with respect to such shares. 
 ARTICLE V 
 TERMINATION OF PARTICIPATION 
  

	5.1	Voluntary Withdrawal 

 A
Participant may withdraw from the Plan at any time by filing notice of withdrawal prior to the close of business on an Exercise Date. Upon withdrawal, the entire amount, if any, in a Participant’s Account shall be refunded to him without
interest. Any Participant who withdraws from the Plan may again become a Participant in accordance with Section 2.1 hereof. 
  

	5.2	Termination of Eligibility 

 If a Participant Retires, he may elect to (i) withdraw the entire amount, if any, in his Plan Account, or (ii) have said amount used to purchase whole shares of Common Stock pursuant to Section 3.2 hereof on the next
succeeding Exercise Date and have any remaining balance refunded without interest. 
 If a Participant ceases to be eligible
under Section 2.1 hereof for any reason other than retirement, the dollar amount and the number of unissued shares in such Participant’s Account will be refunded or distributed to the Participant, or, in the case of death, the
Participant’s designated beneficiary or estate, or otherwise disposed of in accordance with policies and procedures prescribed by the Committee in cases where such a refund or distribution may not be possible. 
  

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 ARTICLE VI 
 GENERAL PROVISIONS 
  

	6.1	Notices 

 Any notice which
a Participant files pursuant to the Plan shall be made on forms prescribed by the Committee and shall be effective only when received by the Company. 
  

	6.2	Condition of Employment 

 Neither the creation of the Plan nor participation therein shall be deemed to create any right of continued employment or in any way affect the right of the Company or a Designated Subsidiary to terminate an Employee. 
  

	6.3	Withholding of Taxes; Other Charges 

 Each Participant shall, no later than the date as of which the value of an option under the Plan and/or shares of Common Stock first becomes includible in the income of the Participant for income tax
purposes, pay to the Company, or make arrangements satisfactory to the Committee regarding payment of, any taxes of any kind required by law to be withheld with respect to such option or shares of Common Stock. The obligations of the Company under
the Plan shall be conditional on the making of such payments or arrangements, and the Company shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to the Participant. 

In particular, to the extent a Participant is subject to taxation under U.S. Federal income tax law, if the Participant makes a
disposition, within the meaning of Code Section 424(c) of any share or shares of Common Stock issued to Participant pursuant to Participant’s exercise of an option, and such disposition occurs within the two-year period commencing on the
day after the Offering or within the one-year period commencing on the day after the Exercise Date, Participant shall, within ten (10) days of such disposition, notify the Company thereof and thereafter immediately deliver to the Company any
amount of federal, state or local income taxes and other amounts which the Company informs the Participant the Company may be required to withhold. 
 Participants shall be solely responsible for any commissions or other charges imposed with respect to the purchase or sale of shares of Common Stock pursuant to the terms of this Plan. 
  

	6.4	Amendment of the Plan 

 The Board of Directors or the Board’s Compensation Committee may at any time, or from time to time, amend the Plan in any respect, except that, without approval of the shareholders, no amendment may increase the aggregate number of
shares reserved under the Plan other than as provided in Section 4.2 hereof, materially increase the benefits accruing to Participants or materially modify the requirements as to eligibility for participation in the Plan. Any amendment of the
Plan must be made in accordance with applicable provisions of the Code and/or any regulations issued thereunder, any other applicable law or regulations, and the requirements of the principal exchange upon which the Common Stock is listed.

  

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	6.5	Application of Funds 

 All
funds received by the Company by reason of purchases of Common Stock hereunder may be used for any corporate purpose. 
  

	6.6	Legal Restrictions 

 The
Company shall not be obligated to sell shares of Common Stock hereunder if counsel to the Company determines that such sale would violate any applicable law or regulation. 
  

	6.7	Gender 

 Whenever used
herein, use of any gender shall be applicable to both genders. 
  

	6.8	Governing Law 

 The Plan
and all rights and obligations thereunder shall be constructed and enforced in accordance with the laws of the State of Delaware and any applicable provisions of the Code and the related regulations. 
  

 9ICP Solar Technologies Inc. - Exhibit 10.1 - Prepared By TNT Filings
   Inc.

  Exhibit 10.1

SHARE PURCHASE AGREEMENT

THIS AGREEMENT is dated for reference as of the
18th day of December, 2009.

	AMONG : 	
    ICP SOLAR TECHNOLOGIES INC.,
      a corporation duly formed under the laws of Nevada with its principal
      office at 7075 Place Robert-Joncas, Unit 131, Montreal, Quebec, Canada H4M
      2Z2 

	 	 
	  	(hereinafter called “ICP” or the
      “Acquirer”) 
	 	 
	  	         
                         
               On the First part 
	  	  
	  	AND: 
	 	 
	  	
    EPOD ERNEUEBARE ENERGIEN. a corporation duly formed under the laws of
      Germany with its principal office in Ketten, Germany
    

	  	  
	  	(hereinafter referred to as "EEE”)

	 	 
	  	AND: 
	 	 
	  	
    VOLKERSLEIER GMBH & CO-KG, a corporation duly formed under the laws of
      Germany with its principal office in Ketten, Germany 

	  	  
	  	(hereinafter referred to as
      “Volkersleier”) 
	 	 
	  	         
                         
               On the Second part 
	  	  
	  	         
                         
           (Hereinafter Collectively called the ”Parties”)
  

WHEREAS the Parties previously entered into a Binding
Letter of Intent dated December 16, 2009 (“Binding LOI”), setting out the basis
for the acquisition (“Acquisition”) of 9% (nine percent) of the total number of
issued and outstanding shares of common stock of Volkersleier, a wholly owned
subsidiary of EEE, by ICP under certain terms and conditions;

2

WHEREAS pursuant to the terms of the Binding LOI, the
Parties agree to enter into a definitive share purchase agreement within 30
(thirty days) of the signing of the Binding LOI: 

WHEREAS the Parties wish to enter into a definitive
share purchase agreement to finalize the terms of the Acquisition; 

WHEREAS to this end the Parties have agreed to enter
into the present Share Purchase Agreement (“Agreement”);

NOW, THEREFORE, THE PARTIES HERETO HEREBY AGREE AS
FOLLOWS. 

1. 

 INTERPRETATION

	1.1 	Where used herein, the following terms shall have the
      following meanings: 
	 	 	 
		(a) 	
      “Business” shall mean the business in which Volkersleier
      is engaged, namely the 730kw producing photovoltaic solar facility located
      in Volkersleier, Germany 

	 	 	
       

		(b) 	
      “Closing Date” shall mean December 18th 2009
      or such other day as may be mutually agreed to by the Parties. 

	 	 	
       

		(c) 	
      “ICP Payment Shares” shall mean a total of 4,600,000
      (four million six hundred thousand) shares of common stock of ICP at a
      price of $0.07 per share; 

	 	 	
       

		(d) 	
      “Option” shall have the meaning as set forth in Section
      2.1.2 below; 

	 	 	
       

		(e) 	
      “Total Volkersleier Common Shares” shall mean 100 (one
      hundred) shares of common stock, representing 100% (one hundred percent)
      of all of the issued and outstanding shares of common stock of
      Volkersleier, all of which are held by EEE; 

	 	 	
       

		(f) 	
      “Volkersleier Shares” shall mean 9 (nine) shares,
      representing 9% (nine percent) of all of the issued and outstanding common
      shares of the capital stock of Volkersleier;. 

	 	 	 
	1.2 	All dollar amounts referred to in this Agreement are in U.S.
      funds, unless expressly stated otherwise. 

2. 

 PURCHASE OF SHARES AND CONDITIONS OF SALE

	2.1 	
      EEE as holder of the Total Volkersleier Common Shares
      agrees to assign and transfer the Volkersleier Shares to the Acquirer and
      Acquirer accepts the assignment and transfer of the Volkersleier Shares.
      

	 	
       

	2.1.2 	
      Furthermore, EEE grants Acquirer an option to purchase
      additional shares of common stock of the Total Volkersleier Common Shares
      (“Option”) representing up to an additional 91% (ninety- one percent) of
      the Total Volkersleier Common Shares for a period of 6 (six) months from
      the signing of this Binding LOI (Option Period””). 

	 	
       

	2.1.3 	
      In consideration of the assignment and transfer of the
      Volkersleier Shares to Acquirer and of the Option, the Parties agree as
      follows: 

3

	 	(a)	The Acquirer shall issue the ICP Payment Shares to EEE.

	 	 
	2.2 	Conditions of Closing: 
	 	 	 
		(a) 	Delivery of the proof of filing of all necessary documents with the
      required German regulatory bodie(s) for the assignment and transfer of the
      Volkersleier Shares to the Acquirer. 
	 	 	 
		(b) 	Delivery of the ICP Payment Shares to EEE. 

2.3 Post-Closing Conditions:

	 	(a) 	Delivery of the Volkersleier Shares within twenty (20) business days
      of the Closing Date, or as soon as practicable thereafter.

	3. 	COVENANTS, REPRESENTATIONS AND WARRANTIES FOR THE BENEFIT OF
      ACQUIRER 
	 	
       

	3.1 	
      EEE covenants with and represents and warrants to
      Acquirer as follows, and acknowledge that Acquirer is relying upon such
      covenants, representations and warranties in connection with the purchase
      by the Acquirer of the Volkersleier Shares: 

	 	
       

	3.1.1 	
      Volkersleier has been duly incorporated and organized
      under the laws of Germany, is a validly existing company and is in good
      standing under German law; it has the corporate power to carry on its
      Business; it is duly qualified as a company to do business and is in good
      standing with respect thereto in each jurisdiction in which the nature of
      the Business or the property owned or leased by it makes such
      qualification necessary; and it has all necessary licenses, permits,
      authorization and consents to operate its Business. 

	 	
       

	3.1.2 	
      The Total Volkersleier Common Shares are owned by EEE as
      the beneficial and recorded owner with good and marketable title thereto,
      and all of the Total Volkersleier Common Shares are free and clear of all
      mortgages, liens, charges, security interests, adverse claims, pledges,
      encumbrances and demands whatsoever. 

	 	
       

	3.1.3 	
      No person, firm or corporation has any agreement or
      option or any right or privilege (whether by law, pre-emptive or
      contractual) capable of becoming an agreement or option for the purchase
      from EEE of any of the Total Volkersleier Common Shares. 

	 	
       

	3.1.4 	
      The entering into of this Agreement and the consummation
      of the transactions contemplated hereby will not result in the violation
      of any of the terms and provisions of the constating documents of
      Volkersleier or of any indenture, instrument or agreement, written or
      oral, to which EEE or Volkersleier may be a party. 

	 	
       

	3.1.5 	
      The entering into of this Agreement and the consummation
      of the transaction contemplated hereby will not, to the best of the
      knowledge of EEE and Volkersleier, result in the violation of any law or
      regulation of the country in which Volkersleier is resident or in which
      the Business is or at the Closing Date will be carried on, or of any other
      law or ordinance to which Volkersleier or the Business may be subject.
    

	 	
       

	3.1.6 	
      This Agreement has been duly authorized, validly executed
      and delivered by EEE and Volkersleier. 

4

Representations and Warranties
relating to ICP Payment Shares

	3.2 	
    As provided for in Schedule A herein, EEE represents and
      warrants to Acquirer that it is not a “U.S. Person” as defined by
      Regulation S of the Securities Act and is not acquiring the ICP Payment
      Shares for the account or benefit of a U.S. Person. 

A “U.S. Person” is defined by
Regulation S of the Securities Act to be any person who is: 

	 	(a) 	
      any natural person resident in the United States;
      

	 	 	
       
	
       

	 	(b) 	
      any partnership or corporation organized or
      incorporated under the laws of the United States; 

	 	 	
       
	
       

	 	(c) 	
      any estate of which any executor or administrator is a
      U.S. person; 

	 	 	
       
	
       

	 	(d) 	
      any trust of which any trustee is a U.S. person;
      

	 	 	
       
	
       

	 	(e) 	
      any agency or branch of a foreign entity located in
      the United States; 

	 	 	
       
	
       

	 	(f) 	
      any non-discretionary account or similar account
      (other than an estate or trust) held by a dealer or other fiduciary
      organized, incorporate, or (if an individual) resident in the United
      States; and 

	 	 	
       
	
       

	 	(g) 	
      any partnership or corporation if: 

	 	 	 	 
	 		(i) 	
      organized or incorporated under the laws of any
      foreign jurisdiction; and 

	 	 	 	
       

	 		(ii) 	
      formed by a U.S. person principally for the purpose of
      investing in securities not registered under the Securities Act, unless it
      is organized or incorporated, and owned, by accredited subscribers [as
      defined in Section 230.501(a) of the Securities Act] who are not natural
      persons, estates or trusts. 

	3.2.1 	
      EEE acknowledges that none of its officers or directors
      were in the United States at the time the offer to acquire the ICP Payment
      Shares was received. 

	 	
       

	3.2.2 	
      EEE acknowledges that the ICP Payment Shares to be issued
      are “restricted securities” within the meaning of the Securities Act and
      will be issued to EEE in accordance with Regulation S of the Securities
      Act. 

	 	
       

	3.2.3 	
      EEE agrees not to engage in hedging transactions with
      regard to the ICP Payment Shares, unless in compliance with the Securities
      Act. 

	 	
       

	3.2.4 	
      EEE agrees to resell the ICP Payment Shares only in
      accordance with the provisions of Regulation S of the Securities Act,
      pursuant to registration under the Securities Act, or pursuant to an
      available exemption from registration pursuant to the Securities Act.
    

	 	
       

	3.2.5 	
      EEE acknowledges and agrees that all certificates
      representing the ICP Payment Shares will be endorsed with substantially
      the following legend in accordance with Regulation S of the Securities
      Act: 

“THE SECURITIES REPRESENTED BY THIS
CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE
“SECURITIES ACT”), AND HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT PROVIDED BY REGULATION S
PROMULGATED UNDER THE SECURITIES ACT. SUCH SECURITIES MAY NOT BE REOFFERED FOR
SALE OR RESOLD OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S, PURSUANT
TO AN EFFECTIVE REGISTRATION UNDER THE SECURITIES ACT, OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. HEDGING
TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE
WITH THE SECURITIES ACT.” 

5

	3.2.6 	
      Each of the Parties has had full opportunity to review
      information regarding the other Party’s respective business and financial
      condition. Each of the Parties believes it has received all the
      information it considers necessary or appropriate to agree to enter into
      this Agreement. Each of the Parties hereby acknowledges that it has had
      full opportunity to discuss this information with their legal and
      financial advisers prior to execution of this Agreement. 

	 	
       

	3.2.7 	
      EEE acknowledges that the offering of the ICP Payment
      Shares by the Acquirer has not been reviewed by the SEC and are being
      issued by Acquirer pursuant to an exemption from registration under the
      Securities Act. 

	 	
       

	3.2.8 	
      EEE understands that the ICP Payment Shares are
      characterized as "restricted securities" under the Securities Act inasmuch
      as they are being acquired from the Acquirer in a transaction not
      involving a public offering and that under such laws and applicable
      regulations such securities may be resold without registration under the
      Securities Act only in certain limited circumstances. In this connection,
      EEE represents that it is familiar with SEC Rule 144, as presently in
      effect, and understands the resale limitations imposed thereby and by the
      Securities Act. 

4. 

 CONVENANTS, REPRESENTATIONS AND WARRANTIES OF
ACQUIRER

4.1 

Acquirer covenants with and represents and warrants to EEE
and Volkersleier as follows and acknowledges that EEE and Volkersleier are
relying upon such covenants, representations and warranties in entering into
this Agreement: 

4.2 

The entering into this Agreement and the consummation of
the transactions contemplated hereby will not result in the violation of any of
the terms and provisions of the constating documents or bylaws of Acquirer or of
any indenture, instrument or agreement, written or oral, to which Acquirer may
be a party. 

	4.3 	
      The entering into of this Agreement and the consummation
      of the transactions contemplated hereby will not, to the best of the
      knowledge of Acquirer, result in the violation of any law or regulation of
      Canada, the United States or of any local government bylaw or ordinance to
      which Acquirer’s business may be subject. 

4.4 

This Agreement has
been duly authorized, validly executed and delivered by Acquirer.

5. 

 CLOSING ARRANGEMENTS

	5.1 	
      The closing shall take place on the Closing Date remotely
      via the exchange of documents and signatures at the offices of Acquirer,
      or at such other time and place as the parties may mutually agree.
  

6

6. 

 GENERAL PROVISONS

	6.1 	Time shall be of the essence of this Agreement. 
	 	 
	6.2 	This Agreement contains the whole agreement between the Parties hereto
      in respect of the purchase and sale of the Volkersleier Shares and there
      are no warranties, representations, terms, conditions or collateral
      agreements expressed, implied or statutory, other than: (i) as expressly
      set forth in this Agreement; 
	 	 
	6.3 	This Agreement shall enure to the benefit of and be binding upon the
      Parties hereto and their respective successors and permitted assigns.
      Neither Acquirer nor EEE may assign this Agreement without prior written
      consent, which consent may not be withheld for any reason whatsoever.
  
	 	 
	6.4 	Any notice to be given under this Agreement shall be duly and properly
      given if made in writing and delivered or telecopied to the addressee at
      the address as provided by each of the Parties. Any notice given as
      aforesaid shall be deemed to have been given or made on, if delivered, the
      date on which it was delivered or, if telecopied, on the next business day
      after it was telecopied. Any party hereto may change its address for
      notice from time to time by providing notice of such change to the other
      Parties hereto in accordance with the foregoing. 
	 	 
	6.5 	This Agreement may be executed in one or more counterparts, each of
      which so executed shall constitute an original and all of which together
      shall constitute one and the same agreement. 
	 	 
	6.6 	This Agreement shall be construed and enforced in accordance with and
      the rights of the parties shall be governed by, the laws of the State of
      Nevada. 
	 	 
	6.7 	The representations, warranties and covenants contained in this
      Agreement shall survive the closing of the transaction contemplated
      herein. For greater certainty, the parties hereto irrevocably agree to
      indemnify, defend, guarantee and save harmless the other Parties hereto
      from all damages (including legal fees and disbursements) relating to a
      breach, falsity or inaccuracy of a representation, warranty or covenant
      given to a Party herein. 

IN WITNESS WHEREOF, the Parties hereto have executed
this Agreement as of the date and year first above written. 

	 	
      ICP SOLAR TECHNOLOGIES INC.

      Per:  /s/: Sass Peress                                  
       
Michael Matvieshen,
      President and CEO

 

	 	
      EPOD ERNEUEBARE ENERGIEN

      Per: /s/: Michael Matvieshen                    
Michael
      Matvieshen, President and CEO

 

7

	
       	
      VOLKERSLEIER GMBH & CO-KG

      Per:

      /S/ : Michael Matvieshen                       
       
Michael Matvieshen,
      President and CEO

SCHEDULE A

Subscription Agreement and Investment Letter

ICP SOLAR TECHNOLOGIES INC. 

In connection with the issuance of common stock ("ICP Common
Stock") of ICP SOLAR TECHNOLOGIES INC., a Nevada corporation ("ICP"), to
the undersigned, the undersigned hereby covenants, agrees, represents and
warrants with and to ICP as follows, and acknowledges that ICP is relying on
such covenants, representations and warranties in connection with the issuance
of ICP Common Stock to the undersigned: 

1.     The undersigned represents and warrants to ICP that the
undersigned is not a “U.S. Person” as defined by Regulation S of the Securities
Act and is not acquiring the ICP Common Stock for the account or benefit of a
U.S. Person. 

A “U.S. Person” is defined by
Regulation S of the Securities Act to be any person who is:

	 	(h) 	any natural person resident in the United States;
  
	 	 	 	 
	 	(i) 	any partnership or corporation organized or incorporated
      under the laws of the United States; 
	 	 	 	 
	 	(j) 	any estate of which any executor or administrator is a
      U.S. person; 
	 	 	 	 
	 	(k) 	any trust of which any trustee is a U.S. person;
  
	 	 	 	 
	 	(l) 	any agency or branch of a foreign entity located in the
      United States; 
	 	 	 	 
	 	(m) 	any non-discretionary account or similar account (other
      than an estate or trust) held by a dealer or other fiduciary organized,
      incorporate, or (if an individual) resident in the United States; and
    
	 	 	 	 
	 	(n) 	any partnership or corporation if: 
	 	 	 	 
	 		(i) 	organized or incorporated under the laws of any foreign
      jurisdiction; and 
	 	 	 	 
	 		(ii) 	formed by a U.S. person principally for the purpose of investing in
      securities not registered under the Securities Act, unless it is organized
      or incorporated, and owned, by accredited subscribers [as defined in
      Section 230.501(a) of the Securities Act] who are not natural persons,
      estates or trusts. 

2.     The undersigned acknowledges that the undersigned was not in
the United States at the time the offer to acquire the ICP Common Stock was
received; 

3.     The undersigned acknowledges that the ICP Common Stock are
“restricted securities” within the meaning of the Securities Act and will be
issued to the undersigned in accordance with Regulation S of the Securities Act.

4.     The undersigned agrees not to engage in hedging transactions
with regard to the ICP Common Stock, unless in compliance with the Securities
Act. 

5.     The undersigned acknowledges and agrees that ICP shall
refuse to register any transfer of the ICP Common Stock not made in accordance
with the provisions of Regulation S of the Securities Act, pursuant to
registration under the U.S. Securities Act, or pursuant to an available
exemption from registration under the U.S. Securities Act; 

6.     The undersigned agrees to resell the ICP Common Stock only
in accordance with the provisions of Regulation S of the Securities Act,
pursuant to registration under the Securities Act, or pursuant to an available
exemption from registration pursuant to the Securities Act. 

9

7.     The undersigned understands and agrees that the ICP Common
Stock will bear the following legend: 

"THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933 (THE "ACT"), AND HAVE BEEN ISSUED IN RELIANCE
UPON AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE ACT PROVIDED BY
REGULATION S PROMULGATED UNDER THE ACT. SUCH SECURITIES MAY NOT BE REOFFERED FOR
SALE OR RESOLD OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE PROVISIONS
OF REGULATION S, PURSUANT TO AN EFFECTIVE REGISTRATION UNDER THE ACT, OR
PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE ACT. HEDGING
TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE
WITH THE ACT." 

8.     The undersigned is an investor in securities of companies in
the development stage and acknowledges that the undersigned is able to fend for
himself/herself/itself, can bear the economic risk of his/her/its investment,
and has such knowledge and experience in financial or business matters such that
the undersigned is capable of evaluating the merits and risks of the investment
in the ICP Common Stock. The undersigned, if a corporation, was not organized
for the purpose of acquiring the ICP Common Stock. 

9.     The undersigned has had full opportunity to review ICP’s
filings with the SEC pursuant to the Exchange Act, and additional information
regarding the business and financial condition of ICP. The undersigned believes
the undersigned has received all the information the undersigned considers
necessary or appropriate for deciding whether to purchase the ICP Common Stock.
The undersigned further represents that the undersigned has had an opportunity
to ask questions and receive answers from ICP regarding the business,
properties, prospects and financial condition of ICP. The undersigned has had
full opportunity to discuss this information with the undersigned’s legal and
financial advisers.

10.     The undersigned acknowledges that the offering of the ICP
Common Stock has not been reviewed by the SEC and that the ICP Common Stock is
being issued by ICP pursuant to an exemption from registration under the
Securities Act. 

11.     The undersigned understands that the shares of ICP Common
Stock being acquired are characterized as "restricted securities" under the
Securities Act inasmuch as they are being acquired from ICP in a transaction not
involving a public offering and that under such laws and applicable regulations
such securities may be resold without registration under the Securities Act only
in certain limited circumstances. In this connection, the undersigned represents
that the undersigned is familiar with SEC Rule 144, as presently in effect, and
understands the resale limitations imposed thereby and by the Securities Act.

12.     An investment in ICP is highly speculative and only
investors who can afford the loss of their entire investment should consider
investing in ICP and the ICP Common Stock. The undersigned is financially able
to bear the economic risks of an investment in ICP. 

13.     The undersigned is not aware of any advertisement of the ICP Common Stock.

10

IN WITNESS WHEREOF, I have executed this Certificate.

	Signature 	 	Date 
	 	 	 
	 	 	  
	Print Name 	 	  
	  	 	  
	Address 	 	Number of Shares Held

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