US Solartech Inc Watch

from S-1/A 3 pages September 25, 2009 Re: Loan Investment in US Solartech, Inc. Dear Mr. Al Namlah: This Letter Sets Forth the Agreement Between You (“Lender”) and US Solartech, a Delaware Corporation (The “Company”). 1. Loan Agreement. Simultaneous With the Execution of This Letter Agreement (The “Letter Agreement”), Lender Shall Commit to Loan the Company Up to $450,000, Pursuant to the Terms and Conditions of Standard Loan Agreements. 2. Loan Commitment. A. the Lender Agrees to Match the Amount of Loan Proceeds Received by the Company From Other Lenders, on a $1 for $1 Basis, Up to $450,000. B. the Lender Will Remit by September 30, 2009 the Initial Loan Proceeds of Not Less Than $250,000, Which Will Match the Amount Remitted by Other Lenders. C. on October 1, 2009, the Company Will Advise the Lender of the Initial Loan Amount Received From Other Lenders. to the Extent That the Loan Proceeds Amount Received, as of September 30th, Exceeds $250,000, the Excess Amount Will Be Matched by the Lender Under the Terms Provided in (D), Below