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: |
