Document:

GreenPower Motor Company Inc.: Exhibit 10.26 - Filed by newsfilecorp.com

    

    PROMISSORY NOTE

    BORROWER: GreenPower Motor Company Inc., of Suite 240 - 209 Carrall Street, Vancouver, British Columbia, V6B 2J2

     (the "Borrower")

    LENDER: Koko Financial Services Ltd. of ***,

     (the "Lender")

    AMOUNT: $50,000.00                                                 

    DATE: June 26, 2020                                           

    FOR VALUE RECEIVED, on the Payment Date (as hereinafter defined) the Borrower promises to pay to the Lender, at *** or at such other address as the Lender may direct the Borrower in writing, the principal sum of FIFTY THOUSAND Dollars ($50,000.00) in lawful money of Canada (hereinafter the "Principal Sum"), together with interest on the unpaid balance of the principal sum at the Interest Rate (as hereinafter defined).

    For the purpose hereof, "Payment Date" means the earlier of (i) the date that the Borrower completes an equity financing of more than Five Million US Dollars (US$5,000,000) (ii) from receipt of proceeds on the sale of buses in excess of Ten Million US Dollars (US$10,000,000) or (iii) July 15th, 2021.

    For the purpose hereof, the "Interest Rate" means Twelve per cent (12%) per annum.  Interest at the Interest Rate will be calculated and paid on the last day of each month and after each of maturity, default and judgment.  If the Borrower fails to make any payment of interest when due, the Borrower will pay compound interest thereon computed on the last banking day of each month until such interest is paid.

    The Borrower shall have the right, without the consent of the Lender, to prepay in whole or in part, at any time and from time to time, all or any of the amounts due hereunder without bonus or penalty.

    The Borrower agrees to grant the Lender a general security assignment on the assets of the Borrower, which will be subordinated to the BMO Bank of Montreal.

    The Borrower hereby waives demand, notice of dishonor and presentment for payment, protest and notice of protest of this promissory note.

    SIGNED, SEALED AND DELIVERED as of June 26th, 2020.

    GreenPower Motor Company Inc.

     

    By: /s/ Michael Sieffert                                     

    Authorized SignatoryGreenPower Motor Company Inc.: Exhibit 10.27 - Filed by newsfilecorp.com

    

    PROMISSORY NOTE

    BORROWER: GreenPower Motor Company Inc., of Suite 240 - 209 Carrall Street, Vancouver, British Columbia, V6B 2J2

     (the "Borrower")

    LENDER: Koko Financial Services Ltd. of ***

     (the "Lender")

    AMOUNT: USD $100,000.00                                    

    DATE: June 29, 2020                                           

    FOR VALUE RECEIVED, on the Payment Date (as hereinafter defined) the Borrower promises to pay to the Lender, at *** or at such other address as the Lender may direct the Borrower in writing, the principal sum of ONE HUNDRED THOUSAND Dollars ($100,000.00) in lawful money of the United States (hereinafter the "Principal Sum"), together with interest on the unpaid balance of the principal sum at the Interest Rate (as hereinafter defined).

    For the purpose hereof, "Payment Date" means the earlier of (i) the date that the Borrower completes an equity financing of more than Five Million US Dollars (US$5,000,000) (ii) from receipt of proceeds on the sale of buses in excess of Ten Million US Dollars (US$10,000,000) or (iii) July 15th, 2021.

    For the purpose hereof, the "Interest Rate" means Twelve per cent (12%) per annum.  Interest at the Interest Rate will be calculated and paid on the last day of each month and after each of maturity, default and judgment.  If the Borrower fails to make any payment of interest when due, the Borrower will pay compound interest thereon computed on the last banking day of each month until such interest is paid.

    The Borrower shall have the right, without the consent of the Lender, to prepay in whole or in part, at any time and from time to time, all or any of the amounts due hereunder without bonus or penalty.

    The Borrower agrees to grant the Lender a general security assignment on the assets of the Borrower, which will be subordinated to the BMO Bank of Montreal.

    The Borrower hereby waives demand, notice of dishonor and presentment for payment, protest and notice of protest of this promissory note.

    SIGNED, SEALED AND DELIVERED as of June 29th, 2020.

     

    GreenPower Motor Company Inc.

     

    By: /s/ Michael Sieffert

    Authorized SignatoryGreenPower Motor Company Inc.: Exhibit 10.28 - Filed by newsfilecorp.com

    

    
        

    

    	Rick Eckert	April 7, 2021

    Dear Rick,

    Congratulations!  On behalf of GreenPower Motor Company, Inc. (The Company), I wish to extend you an offer of full-time employment as Vice President of Operations reporting to Brendan Riley, President.  You will be compensated with an annual base salary of $160,000 for the first 6 months and then an anticipated raise to $175,000 based on performance, subject to normal income tax withholdings. Annual reviews will be conducted and raises will be discussed concurrently, with the reviews. You will be responsible for all tasks related to Manage and Direct the general Operations for our California Facilities. Oversite includes the following departments: US Production, Parts, Service, New Bus Delivery, Body Shop work, warranty and facility maintenance. Additional responsibilities: P&L, Budgets, Strategic Partnerships, Personnel Growth and Development of your direct reports, Customer Support, Vendor Relations. Direct Reports: Production manager, Parts manager, Transportation manager, Service manager, Warranty manager, PDI manager and Warehouse manager.  You will be expected to report to our Rancho Cucamonga office daily and will be expected to travel to our Porterville and all future locations from time to time.

    	Benefits - 2 weeks of vacation after the first year, Posted Company Assigned Holidays and other benefits described in the Summary Plan Descriptions. 
	Stocks - a grant of 15,000 stock options (Subject to Board Approval) at current price (at the date of Board Approval), three-year term and vesting 50% after the first year and 100% after two years.

          Your healthcare benefits will be effective after your completion of 90 days.  The benefits made available by the Company, and the rules, terms, and conditions for participation in such benefit plans and policies, may modify compensation and benefits from time to time as it deems necessary.

    Please let us know of your decision to join GreenPower Motor Company, Inc. by signing a copy of this offer letter and returning it to us.  Your offer is contingent upon your (1) signing of the Confidential Information, Invention Assignment and Arbitration Agreements; (2) providing proof of your eligibility to work in the United States and valid US passport; and (3) complying with and successfully passing any requirements of the Company (e.g. drug testing, background checks). If you do not have a US Passport, you must apply for one immediately upon starting your tenure at the Company.

    This letter shall not be construed as an agreement to employ you for any stated term and does not alter our policy of employment at will, under which both you and the Company remain free to terminate the employment relationship for any reason, at any time, with or without notice or cause.  Although your job duties, title, compensation and benefits, as well as the Company's personnel policies and procedures, may change from time to time in the Company's discretion, the "at-will" nature of your employment may only be changed by a written agreement signed by you and the Company. As part of this offer, please initial the attached job duties form to acknowledge that you understand the tasks you will be required to perform.  Similarly, nothing in this letter shall be construed as an agreement to pay you any compensation or grant you any benefit beyond the end of your employment with us.

    GreenPower Motor Company, Inc., is an organization that has built an outstanding reputation for exciting, innovative, and quality products and services.  Credit for this goes to every one of our employees. I hope you will find your association with us to be both challenging and rewarding.  We are enthusiastic about you joining our team and look forward to working with you.  Should you have any questions please do not hesitate to contact us.

    Please confirm your acceptance of these terms by signing a copy of this letter where indicated no later than close of business April 9, 2021.

    	Very Truly Yours,	Accepted:
	/s/ Brendan Riley	/s/ Rick Eckert
	
                PresidentGreenPower Motor Company Inc.: Exhibit 10.29 - Filed by newsfilecorp.com

    

    
        

    

    March 28, 2017

    Yanyan Zhang

    ***

    Dear Yanyan:

    Congratulations! On behalf of GreenPower Motor Company, Inc. (The Company). I wish to extend you an offer of full time employment as Project Manager reporting to Brendan Riley, President. You will be located in Porterville, California and traveling to the China and Malaysia sites as per the needs of the business. Your anticipated start date will be Monday, April 3, 2017. You will be compensated with an annual base salary of $72,000.00, subject to normal income tax withholdings. All employment is based on legal eligibility and thus the attainment of a valid work visa may delay an official start date.

    You will be entitled to the benefits of similarly situated employees as those policies are developed and amended by the Company:

    • Benefits - 1 week of vacation for the first year, Company Assigned Holidays and other benefits described in the Summary Plan Descriptions.

    • Stocks - Subject to the approval of the Board of Directors and the TSX Venture Exchange the Company will grant you 10,000 stock options with a term of five years, exercise price at the current market price and vesting 25% after 4 months and then 25% after the end of years 1, 2 and 3.

    • H1-B Visa - has agreed to sponsor and pay for the transfer of your H1-B Visa as needed. If your employment with GreenPower Motor Company, Inc. terminates before completing one full year of service from the date of receipt of the visa, with the exception of a reduction in force, you will be fully responsible for the incurred costs associated with the transfer of the H1-B Visa which has been quoted as $3235.00.

    • In order to facilitate your move to Porterville where the Company is building its manufacturing facility, the company will reimburse you for up to $1000 in out of pocket costs.

    Your healthcare benefits will be effective after your completion of 90 days. The benefits made available by the Company, and the rules, terms, and conditions for participation in such benefit plans and policies, may modify compensation and benefits from time to time as it deems necessary.

    Please let us know of your decision to join GreenPower Motor Company, Inc. by signing a copy of this offer letter and returning it to us. Your offer is contingent upon your (1) signing of the Confidential Information, Invention Assignment and Arbitration Agreements; (2) providing proof of your eligibility to work in the United States; and (3) complying with and successfully passing any requirements of the Company (e.g., drug testing, background checks).

    This letter shall not be construed as an agreement to employ you for any stated term and does not alter our policy of employment at will, under which both you and the Company remain free to terminate the employment relationship for any reason, at any time, with or without notice or cause. Although your job duties, title, compensation and benefits, as well as the Company's personnel policies and procedures, may change from time to time in the Company's discretion, the "at-will" nature of your employment may only be changed by a written agreement signed by you and the Company. Similarly, nothing in this letter shall be construed as an agreement to pay you any compensation or grant you any benefit beyond the end of your employment with us.

    GreenPower Motor Company, Inc., is an organization that has built an outstanding reputation for exciting, innovative, and quality services. Credit for this goes to every one of our employees. I hope you will find your association with us to be both challenging and rewarding. We are enthusiastic about you joining our team and look forward to working with you. Should you have any questions please do not hesitate to contact us.

    Please confirm your acceptance of these terms by signing a copy of this letter where indicated no later than close of business March 30, 2017.

    	Very Truly Yours,	ACCEPTED:
	 	 
	/s/ Brendan Riley
President
	/s/ Yanyan Zhang

    GreenPower Motor Company, Inc. 1700 Hope Drive Porterville California 93257

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