UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report: (Date of earliest event reported): ~~September~~October 178, 2009

ICP SOLAR TECHNOLOGIES INC.
(Exact name of registrant as specified in its charter)

NEVADA	000-51790	20-0643604
(State or other jurisdiction of	(Commission File Number)	(IRS Employer Identification No.)
incorporation)

7075 Place Robert-Joncas Unit 131

Montreal, Quebec H4M 2Z2

(Address of Registrant’s principal executive offices)

(514) 270-5770

(Registrant’s telephone number, including area code)

(Not Applicable)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 1.01

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

~~Item~~On 1October 8, 2009, ICP Solar Technologies Inc.~~01 Entry~~ (the "Company") entered into a ~~Material Definitive~~line of credit agreement ("Agreement") and related agreements ("Transaction Documents") with BridgePointe Master Fund Ltd., Gemini Master Fund, Ltd., and Platinum Long Term Growth VI, LLC (the "Buyers") in reliance upon the exemption from securities registration afforded by Rule 506 under Regulation D as promulgated by the United States Securities and Exchange Commission under the Securities Act of 1933, as amended, for advances ("Advances") up to a maximum aggregate amount of US $800,000.

The Buyers and the Company have agreed that the Buyers, at their option and in accordance with the terms of the Agreement, may make Advances and extend credit to the Company under 11% senior secured convertible grid notes ("Grid Notes") issued by the Company at a 10% discount with an aggregate face value of up to $888,000 and a maturity date of October 1, 2010, convertible into shares of common stock of the Company at an initial conversion price (subject to adjustment) of US $0.10. The Advances may be made at any time for a period extending from the date of the signing of the Agreement until April 1, 2009 ("Closing Deadline"). The Closing Deadline may be extended by written consent of all the Buyers.

OnAll ~~September~~Advances ~~17,~~made ~~2009,~~by ~~ICP Solar Technologies Inc. (~~the ~~"Company")~~ ~~and BridgePointe Master Fund Ltd. ("BridgePointe"), Platinum Long~~Buyers ~~Term~~shall ~~Growth~~be ~~VI,~~used ~~LLC~~by ~~("Platinum") and Gemini Master Fund, Ltd. ("Gemini") (BridgePointe, Platinum and Gemini, collectively,~~ the ~~"Purchasers") entered into a Waiver and Agreement ("Amendment") to further amend certain terms and conditions of certain of the private placement debt instruments among the~~ Company ~~and~~solely ~~the~~for ~~Purchasers , all of which were previously disclosed and defined in a Current Report on Form 8-K filed June 17, 2008 and~~ the ~~exhibits~~purchase ~~thereto (the "June 17 8-K"), the possible amendment~~ of ~~which~~inventory ~~was~~for ~~previously disclosed in a Current Report on Form 8-K filed November 17, 2008 (~~the ~~"November 17 8-K") and the previous amendment~~ ofCompany. ~~which was previously disclosed in a Current Report on Form 8-K filed January 7, 2009 (the "January 7 8-K"), as follows:~~

~~(a)~~The AsGrid Notes are secured by an existing first lien on all of the ~~date~~assets of the ~~Amendment~~Company, on the ~~conversion~~terms ~~price~~set offorth ~~those~~in ~~certain~~the ~~11%~~Security ~~Senior~~Agreement. ~~Secured~~The ~~Convertible~~Company’s ~~Debentures~~obligations (under the ~~"Debentures"),~~Grid Notes and ~~shall~~Agreement beare ~~reduced~~guaranteed toby ~~$0.10~~certain ~~per~~of ~~share.~~the ~~All~~Company’s ~~other~~subsidiaries pursuant to the terms of the ~~Debentures~~Subsidiary ~~remain unchanged~~Guarantee Agreement.

~~(b)~~The ~~Certain~~shares ~~insiders~~ of ~~the~~Common ~~company~~Stock ~~agreed to Lockup~~issuable ~~Agreements~~upon asconversion ~~follows: (i) Sass Peress, President, CEO and Chairman~~ of the ~~Company~~ ~~agrees~~Grid ~~not~~Notes toare ~~sell any common stock of the Company anytime from the date hereof and for so long as any of the Debentures or Warrants remain outstanding and (ii) Joel Cohen, Board Member, agrees~~ not required to ~~sell~~be ~~any~~registered ~~common~~under ~~stock of~~ the ~~Company~~Transaction ~~anytime during the two (2) month period following the date of the signing of the Amendment~~Documents.

~~The~~Holders ~~Company~~of ~~agrees to issue~~ the ~~Purchasers~~Grid ~~Makeup~~Notes ~~Warrants~~may ~~(as~~require ~~defined in~~ the ~~Amendment) in the following instance: (i) Should the~~ Company ~~issue~~ ~~equity~~to ~~securities~~redeem ~~or securities that are convertible or exchangeable into equity securities ("Issuance"), while~~ the ~~Debentures~~Grid orNotes ~~Warrants remain outstanding, and (ii) should the sum of all of the shares issuable~~ upon the ~~exercise~~ ofoccurrence ~~the Warrants and upon the conversion~~ of ~~the~~any ~~Debentures~~one ~~(calculated~~or onmore ~~a fully diluted basis), equal less than 70%~~ of ~~the~~events ~~issued and outstanding shares~~ of ~~the~~default ~~Company~~specified ~~(calculated~~in ~~on a fully diluted basis) ) immediately following~~ the ~~Issuance~~Grid Notes.

The ~~Makeup~~President ~~Warrants~~and ~~shall~~CEO beof ~~issued~~the Company ~~according~~has agreed to ~~the~~a ~~terms,~~to a lockup of sales of Company securities owned by him infor so long as any of the ~~amounts~~Grid ~~and~~Notes ~~form~~remain ~~set~~outstanding ~~out~~pursuant into the ~~Amendment~~terms of a Lockup Agreement.

Copies of the ~~Waiver~~Line ~~and~~of Credit Agreement, ~~Amended~~Subsidiary ~~and Restated~~Guarantee, ~~Debentures and~~ Form of Grid Note, Security Agreement, Lockup Agreement, and a copy of a press release dated October 13, 2009, are attached hereto. The foregoing ~~descriptions~~ descriptions are qualified in their entirety to such exhibits, which are incorporated by reference herein.

ITEM 2.03

CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT.

The information provided in Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.03.

ITEM 3.02

UNREGISTERED SALES OF EQUITY SECURITIES.

The information provided in Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 3 2.0203.

ITEM 9.01

FINANCIAL STATEMENTS AND EXHIBITS.

Exhibit	Description
Exhibit No.	Description
No.
4.2	Form of 11% Senior Secured Convertible Grid Note Due October 1, 2010.
4.2	Amended and Restated Form of 11% Senior Secured Convertible Debenture Due June 13, 2010.
10.1	Line of Credit Agreement, dated October 8, 2008, between ICP Solar Technologies, Inc., BridgePointe Master Fund Ltd., Gemini Master Fund, Ltd., and Platinum Long Term Growth VI, LLC.
10.1	Waiver and Agreement dated September 17, 2009, between ICP Solar Technologies, Inc., BridgePointe Master Fund Ltd., Gemini Master Fund, Ltd., and Platinum Long Term Growth VI, LLC.
10.2	Subsidiary Guarantee, dated October 8, 2009, by ICP Solar Technologies, Inc., 1260491 Alberta, Inc., ICP Solar Technologies, ICP Global Technologies, Inc., and WES Power Technology, Inc.
10.2	Form of Lockup Agreement
10.3	Security Agreement, dated October 8, 2009, , between ICP Solar Technologies, Inc., 1260491 Alberta, Inc., ICP Solar Technologies, ICP Global Technologies, Inc., WES Power Technology, Inc., BridgePointe Master Fund Ltd., Gemini Master Fund, Ltd., and Platinum Long Term Growth VI, LLC.
10.4	Lockup Agreement, dated October 8, 2009.
99.1	Press Release issued by ICP Solar Technologies Inc. dated October 13, 2009.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: ~~September~~October 2314, 2009

ICP SOLAR TECHNOLOGIES INC.

/s/ Sass Peress

Sass Peress

President, Chief Executive Officer and Chairman

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