Document:

ex_10-20.htm

    
      

      

    

    Exhibit
10.20

     

    
      LOAN
AGREEMENT

      October
22, 2008

      

      Richard N. Jeffs (the
“Lender”) of Flat 1, 49 Pont Street, London, SW1X 0DB, advanced US$25,000 (the “Principal
Sum”) to Red Lake Exploration, Inc. (the “Borrower”) of 195 Park Avenue, Thunder
Bay, Ontario, P7B 1B9.  The Lender advanced the funds on October 22,
2008.

       

      The
Borrower agrees to repay the Principal Sum on demand, together with interest
calculated and compounded monthly at the rate of 8% per year (the “Interest”)
from October 22, 2008..  The Borrower is liable for repayment for the
Principal Sum and accrued Interest and any costs that the Lender incurs in
trying to collect the Principal Sum and the Interest.

       

      The
Borrower will evidence the debt and its repayment of the Principal Sum and the
Interest with a promissory note in the attached form.

      
         

        
          
            
              
                	LENDER    	 	 	BORROWER	 
	Richard
      N. Jeffs  	 	 	Red
      Metal Resources Ltd.	 
	 	 	 	 	 
	Per:   	 	 	Per:	 
	 	 	 	 	 
	
                        /s/
      Richard N. Jeffs

                      	 	 	
                        
                          /s/
      Caitlin Jeffs

                        

                      	 
	
                        Richard
      N. Jeffs

                      	 	 	
                        Authorized
      Signatory

                      	 

              

            

                                                                          

          

        

        
          
            
            

          

          
            1

            
              

            

          

          
            
            

          

        

      

       

      PROMISSORY
NOTE

       

      
        	Principal
      Amount:  US$25,000	
                October 22,
      2008

              

      

       

      For value
received, Red Lake Exploration, Inc. (the “Borrower”) promises to pay on demand
to the order of Richard N. Jeffs (the “Lender”) the sum
of $25,000 lawful money of United States of America (the “Principal Sum”)
together with interest on the Principal Sum from October 22, 2008 (“Effective
Date”) both before and after maturity, default and judgment at the Interest Rate
as defined below.

      

      For the
purposes of this promissory note, Interest Rate means 8 per cent per
year.  Interest at the Interest Rate must be calculated and compounded
monthly not in advance from and including the Effective Date (for an effective
rate of 8.3% per annum calculated monthly), and is payable together with the
Principal Sum when the Principal Sum is repaid.

      

      The
Borrower may repay the Principal Sum and the Interest in whole or in part at any
time.

      

      The
Borrower waives presentment, protest, notice of protest and notice of dishonour
of this promissory note.

       

      
        
          
            
              
                	 	 	 	BORROWER	 
	 	 	 	Red Metal Resources
      Ltd.	 
	 	 	 	 	 
	 	 	 	Per:	 
	 	 	 	 	 
	
                         

                      	 	 	
                        
                          /s/
      Caitlin Jeffs

                        

                      	 
	
                         

                      	 	 	
                        
                          Authorized Signatory 

                        

                      	 

              

             

            2Unassociated Document

    
      Exhibit
10.9

       

      FORM
OF ASSIGNMENT

    

     

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
       

      SCHEDULE
TO EXHIBIT 10.9 – FORM OF

      NOVEMBER,  2008
ASSIGNMENT OF STOCK OPTIONS

      AGREEMENT
BY AND AMONG

      CERTAIN
NON-EMPLOYEE CONSULTANTS

      OF
THE COMPANY AND CERTAIN ASSIGNEES

      

      The
Assignment of Stock Options Agreement filed as Exhibit 10.9 is substantially
identical in all material respects to the Assignment of Stock Options Agreements
which have been entered into by the non-employee consultants of WindTamer
Corporation, Michael Hughes, Peter Kolokouris and Charles LaLoggia and the
following assignees effective as of November, 2008,
except for a difference in the number of shares underlying the stock options
assigned to such assignees as 111 EJH, Inc., 609 MTH, Inc., 10 EJH, Inc., and
April Wayenberg.

      

      
        
          
            
              
                
                  
                    
                      	
                              Assignee

                            	 	
                              Non-Employee Consultant

                            	 	
                              Date

                            	 	
                              Number of Shares

                            	 
	 
      	 	 
      	 	 
      	 	 	 
	
                              400
      Terry Inc.

                            	 	
                              Peter
      Kolokoris

                            	 	
                              November
      25, 2008

                            	 	 	3,732,000	
                              .

                            
	
                              500
      Sofia Inc.

                            	 	
                              Peter
      Kolokoris

                            	 	
                              November
      25, 2008

                            	 	 	3,732,000	 
	
                              300
      Ioannis Inc.

                            	 	
                              Peter
      Kolokoris

                            	 	
                              November
      25, 2008

                            	 	 	3,732,000	 
	
                              200
      Anastasios Inc.

                            	 	
                              Peter
      Kolokoris

                            	 	
                              November
      25, 2008

                            	 	 	3,732,000	 
	
                              100
      Demetrios Inc.

                            	 	
                              Peter
      Kolokoris

                            	 	
                              November
      25, 2008

                            	 	 	3,732,000	 
	
                              111
      EJH, Inc.

                            	 	
                              Michael
      Hughes

                            	 	
                              November
      25, 2008

                            	 	 	920,000	 
	
                              609
      MTH, Inc.

                            	 	
                              Michael
      Hughes

                            	 	
                              November
      25, 2008

                            	 	 	2,410,000	 
	
                              10
      EJH, Inc.

                            	 	
                              Michael
      Hughes

                            	 	
                              November
      25, 2008

                            	 	 	3,340,000	 
	
                              April
      Wayenberg

                            	 	
                              Charles
      LaLoggia

                            	 	
                              November
      3, 2008

                            	 	 	1,000,000Exhibit
10.1

     

    PUT
– CALL OPTION AGREEMENT

     

    This
Put-Call Option Agreement (this “Agreement”), dated as of April 6, 2009, is
between Michael Weksel (“Weksel”) and ALYST ACQUISITION CORP., a Delaware
corporation (“Alyst”).

     

    WHEREAS,
Alyst desires to have the right to purchase from Weksel up to 559,794 Warrants
to purchase shares of Alyst’s common stock (the “Securities”) at a price of
$0.0446 per Warrant (the “Call Exercise Price”);

     

    WHEREAS,
Weksel desires to have the right to sell the Securities to Alyst at a price of
$0.0446 per Warrant (the “Put Exercise Price”);

     

    NOW,
THEREFORE, in consideration of the premises and of the mutual covenants and
agreements hereinafter set forth, the receipt and sufficiency of which are
hereby acknowledged, Weksel and Alyst hereby agree as follows:

     

    Section
1.1             Put Option; Payment of
Exercise Price.  Weksel may, at his option, at any time after
June 29, 2009 and before August 31, 2009, deliver a written notice (the “Put
Exercise Notice”) to Alyst stating that Weksel intends to deliver all or a
portion of the Securities to Alyst for purchase hereunder on any date occurring
not more than ten business days after the date of the notice (the “Put Exercise
Date”).  On the Put Exercise Date, Alyst shall pay, in immediately
available funds, the Put Exercise Price to Weksel and, concurrently with the
payment of the Put Exercise Price, Weksel shall deliver a certificate evidencing
the Securities set forth in the Put Exercise Notice to Alyst and take all
reasonable efforts requested by Alyst to vest the ownership of the Securities in
Alyst.  These actions by Weksel will constitute proper delivery of the
Securities notwithstanding any difficulties in actually vesting ownership of the
Securities in Alyst resulting from any activities being undertaken by Alyst with
respect to the liquidation or winding up of Alyst’s business
affairs.  All payments and deliveries made pursuant to this Section
1.1 shall be made on a delivery versus payment basis.

     

    Section
1.2             Call Option; Payment of
Exercise Price.  Alyst may, at its option, on or after the date
hereof through August 31, 2009 deliver a written notice (the “Call Exercise
Notice”) to Weksel stating that Alyst intends to purchase from Weksel all of the
Securities on any date occurring not more than ten business days after the date
of the notice (the “Call Exercise Date”).  On the Call Exercise Date,
Alyst shall pay, in immediately available funds, the Call Exercise Price to
Weksel and, concurrently with the payment of the Call Exercise Price, Weksel
shall deliver a certificate evidencing the Securities set forth in the Put
Exercise Notice to Alyst and take all reasonable efforts requested by Alyst to
vest the ownership of the Securities in Alyst.  These actions by
Weksel will constitute proper delivery of the Securities notwithstanding any
difficulties of actually vesting ownership of the Securities in Alyst resulting
from any activities being undertaken by Alyst with respect to the liquidation or
winding up of Alyst’s business and affairs.  All payments and
deliveries made pursuant to this Section 1.2 shall be made on a delivery versus
payment basis.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Section
1.3             Binding Effect;
Transfer.

     

    (a)           This
Agreement shall be binding upon Alyst and Weksel and upon their respective
permitted successors and transferees.  Neither party may transfer its
rights and obligations under this Agreement without the consent of the other
party; provided however, that Alyst may transfer its right (but not its
obligation) hereunder to any third party without the prior written consent of
Weksel.

     

    (b)           Alyst
will use its commercial best efforts to present this Agreement to its board of
directors as soon as practicable and have the board pass a resolution
authorizing the terms hereof.  Notwithstanding anything herein to the
contrary, the rights and obligations described in Section 1.1 and Section 1.2
will become mutually binding only after a resolution authorizing the terms of
this Agreement is passed by the board of Directors of Alyst.  In the
event that the board of directors of Alyst does not pass such a resolution by
April 30, 2009, this Agreement shall become null and void.

     

    Section
1.4             Governing
Law.  This Agreement shall be governed by and construed in
accordance with the laws of the State of New York, without regard to conflict of
law principles.

     

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

     

    
      
        
          
            
              	 
      	 
      	
                      ALYST
      ACQUISITION CORP.

                    
	 	 	 
	
                      
                        /s/
      Michael Weksel

                      

                    	 
      	
                      
                        /s/
      William Weksel

                      

                    
	
                      Name:  
      Michael Weksel

                    	 
      	
                      Name:   William
      Weksel

                    
	 
      	 
      	
                      Title:     CEO

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