EXHIBIT 10.37
GREENPOWER MOTOR Co INC.
LOAN AGREEMENT
**THIS LOAN AGREEMENT **(this "Agreement") is dated effective as of the 28th day of May, 2025.
BETWEEN:
FWP HOLDINGS LLC, a corporation having an address at #
(Email: #)
(the "Lender")
AND:
GREENPOWER MOTOR COMPANY INC., a corporation having an address at #
(Email: #)
(the "Borrower")
WHEREAS:
A. The Borrower intends to borrow up to $2,000,000 in tranches from several lenders (the "Loan Facility") with the Lender participating in the first tranche of the Loan Facility pursuant to this Agreement;
B. The Lender has agreed to provide a loan in the principal amount of $150,000 (the "Principal Amount") to the Company in accordance with the terms and conditions of this Agreement; and
C. The Borrower wishes to borrow monies from the Lender on the terms and conditions set forth in this Agreement.
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