EX-10 4 exhibit10iii.htm PLEDGE AGREEMENT

EXHIBIT 10(iii)

 

29 June 2007

 

P L E D G E A G R E E M E N T

 

BETWEEN:

 

SOLAR ENERGY LIMITED, (“Solar”) as Guarantor.

 

Solar is a public company listed on the OTCBB.

 

AND:

 

ENWIN RESOURCES INC., (“Enwin”) as Lender.

 

Enwin is a public company listed on the OTCBB.

 

 

Enwin has made an Offer to Purchase 100% of the shares of a private company called D2Fusion Inc., (“D2F”) from Solar as per the attached purchase agreement and the related Loan Agreement. The Loan Agreement calls for Enwin to provide $500,000.00 as a loan to D2F pending formalization of the Purchase Agreement.

 

To date, Enwin has advanced $225,000 and hereby agrees to fund a further $100,000 on or before 03 July 2007. The balance of $175,000 to be funded within ten business days. Enwin hereby acknowledges and agrees to amend the Loan Agreement accordingly.

 

As collateral for the loan, Solar hereby pledges 100% of the shares of D2F until the loan has been repaid and attached hereto are 100% of the issued shares of D2F.

 

Should the balance of $175,000 not be paid on a timely basis, Solar is free to pursue other loan sources, but until the loan is repaid to Enwin, Enwin is to retain the shares of D2F.

 

S I G N E D:

By:

 

ENWIN RESOURCES INC.,

 

 

ACKNOWLEDGED AND AGREED TO

 

/s/ Nora Coccaro

This 3rd day of July 2007.

per:

By:

 

 

SOLAR ENERGY LIMITED

 

 

/s/ Andrew Wallace

 

per: