Exhibit 10.42
[ Letterhead of NBG Technologies, Inc.]
March 29, 2000
H Power Corp.
00 Xxxxxxxxxx Xxxxxx
Xxxxxxxxxx, XX 00000
Gentlemen:
Reference is made to the Termination Agreement dated as of March 29,
2000 (the "Termination Agreement") between H Power Corp. ("H Power") and NBG
Technologies, Inc. ("NBG"). This is to confirm that notwithstanding anything to
the contrary contained in the Termination Agreement the parties hereto
acknowledge that H Power's involvement with NBG's sales/marketing/engineering
activities on the projects for NBG's customers set forth below shall continue as
follows:
1) NBG is currently dealing with Everest & Xxxxxxxx Canadian,
LTD, Sunrise Medical, Inc. and Invacare Corporation, all of
which may be potential customers for Fuel Cell powered wheel
chairs. H Power will continue to furnish such engineering
cooperation, if any, as H Power deems appropriate with respect
to the foregoing.
2) NBG will require Fuel Cells for current stationary power
activities with (a) Prima Guard, Inc., (b) Advanced Local
Development, Inc., (c) North American Native Education and
Wellness, and (d) Long Island Power Authority.
It is understood and agreed that the Termination Agreement is not
intended to require H Power and NBG to cease to continue doing business together
and that H Power shall supply Fuel Cells to NBG in connection with the foregoing
projects if commercially reasonable terms, prices, delivery schedules and
quantities can be mutually agreed upon.
Please confirm your agreement with the foregoing by signing below.
Very truly yours,
NBG Technologies, Inc.
By: /s/ Xxxxxxx X. Xxxxxxxxx
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By: /s/ Xxxxx Xxxxxx
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Agreed
H Power Corp.
By: /s/ Xxxxxxx Xxxx
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By: /s/ Xxxxxx Xxxxxxx
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