Attached files
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| 8-K - FORM 8-K DATED JUNE 29, 2011, ITEM 1.01, 2.03, 3.02, 7.01, 9.01 - INTEGRATED ENERGY SOLUTIONS, INC. | amerilithium8k062911.txt |
| EX-99.3 - LETTER AGREEMENT DATED JUNE 29, 2011 - INTEGRATED ENERGY SOLUTIONS, INC. | amerilithium8k062911ex99-3.txt |
| EX-99.2 - CONVERTIBLE PROMISSORY NOTE ISSUED FOR $540,000 - INTEGRATED ENERGY SOLUTIONS, INC. | amerilithium8k062911ex99-2.txt |
| EX-99.5 - SECURED & COLLATERIALIZE PROMISSORY NOTE FOR $540,000 - INTEGRATED ENERGY SOLUTIONS, INC. | amerilithium8k062911ex99-5.txt |
| EX-99.6 - PRESS RELEASE DATED JULY 6, 2011 - INTEGRATED ENERGY SOLUTIONS, INC. | amerilithium8k062911ex99-6.txt |
| EX-99.1 - CONVERTIBLE PROMISSORY NOTE ISSUED FOR $1,850,000 - INTEGRATED ENERGY SOLUTIONS, INC. | amerilithium8k062911ex99-1.txt |
ADDITIONAL DEFAULT PROVISIONS
June 28, 2011
These additional default provisions apply to Document A-06282011 and B&C-
06282011a-j:
Default. In the event that (i) the Borrower shall fail to pay any principal
under this Note when due and payable (or payable by conversion) hereunder; or
(ii) the Borrower shall fail to pay any interest or any other amount under
this Note when due and payable (or payable by conversion) hereunder; or (iii)
a receiver, trustee or other similar official shall be appointed over the
Borrower or a material part of its assets and such appointment shall remain
uncontested for twenty (20) days or shall not be dismissed or discharged
within sixty (60) days; or (iv) the Borrower shall become insolvent or
generally fails to pay, or admits in writing its inability to pay, its debts
as they become due, subject to applicable grace periods, if any (provided
however that any references to the company's ability to continue as a "going
concern" shall not be deemed a default hereunder); or (v) the Borrower shall
make a general assignment for the benefit of creditors; or (vi) the Borrower
shall file a petition for relief under any bankruptcy, insolvency or similar
law (domestic or foreign); or (vii) an involuntary proceeding shall be
commenced or filed against the Borrower and such proceeding is not dismissed
within 30 days; or (viii) the Borrower shall lose its ability to
electronically transfer shares by "DWAC/FAST" transfer and such ability is
not restored within 15 days; or (ix) the Borrower shall lose its status as
"DTC Eligible"; or the borrower's shareholders shall lose the ability to
deposit (either electronically or by physical certificates, or otherwise)
shares into the DTC System and such eligibility is not restored within 15
days; or (x) the Borrower shall become late or delinquent in its filing
requirements as a fully-reporting issuer registered with the Securities &
Exchange Commission, provided however, that any extensions or other grace
periods provided under SEC rules and regulations shall not be an event of
default hereunder, provided further that the Borrower shall have 20 days to
remedy any failure of the Borrower's obligation pursuant to the Exchange Act
to file a current report or Form 8-K; (each event specified in clauses (i)
through (x) above, an "Event of Default"); then, in the case of any of the
events specified in clauses (i) through (x) above, the outstanding principal
amount under this Note, together with accrued and unpaid interest thereon,
and all other amounts payable by Borrower under this Note, shall become
immediately due and payable without any action on the part of the Lender.
Borrower waives demand, presentment, protest, notice of protest, dishonor,
notice of dishonor or any other notice of any kind.
/s/Matthew Worrall
-----------------------------
Matthew Worrall
President & CEO
Amerilithium Corp.
By: /s/Justin Keener
------------------------------
Justin Keener
JMJ Financial / Its Principa
