AGREEMENT
AGREEMENT
Between: Xxxxxxx Hospitality Group, Inc ("HHG")
And
London & Boston, plc (Cybertec Holdings) ("L&B")
Dated: October 8, 2001
The parties agree as follows:
HHG will sell to L&B 2,045,567 shares in Energy Technique ("ET") at 3.3 xxxxx per share for a total consideration of $100,000.
HHG will have the right to repurchase these shares for a 6 month period, at a price of 3.63 xxxxx per share.
HHG can extend the right to repurchase these ET shares at 3.63 xxxxx per share, beyond the initial 6 months, for a further 6 months, upon payment of a fee of 10% of the purchase price of the ET shares being sold hereunder.
Time is the essence to this Agreement.
Agreed to:
By HHG By L&B
//Xxxxxxxx X. Xxxx// //Xxxxxxx Xxxxxxx//
Xxxxxxxx X. Xxxx Xxxxxxx Xxxxxxx
Chairman Chairman