1
EXHIBIT 1
Xx. Xxxxxxxx Xxxxxxxx
President
Information Technologies Group
Mitsubishi Electronics America, Inc.
November 6, 1997
Mitsubishi Electronics Corp. (hereinafter referred to as "Seller") hereby
agrees for the consideration of $100 paid to Seller in care of Xx. Xxxxxx Xxxxx
to sell exclusively and solely to Xxxxxx X. Xxxxxxxxx (hereinafter referred to
as "Buyer") and/or Xxxxx's assignees, all of Seller's shares of stock in
Radius, Inc. (Nasdaq trading symbol RDUS) for $0.45 per share. Such sale is to
be completed by 5:00 P.M. PST November 14, 1997 by delivery by Xxxxx of wired
funds or cashier's check (if wired, a confirmation of wire is acceptable to
Seller if received on the business day following November 14, 1997 if such
confirmation states that wire was funded by Buyer on November 14, 1997).
Seller represents that it owns and will sell to Buyer 3,999,901 (three million
nine hundred ninety-nine thousand nine hundred and one) shares pursuant to the
Registration Statement dated January 16, 1997, which shares will be
unrestricted and freely tradable upon transfer to Buyer as specified in the
governing agreement, free of lien or encumbrance. Seller agrees to sell and
transfer to Buyer, at sale, any and all rights and claims it has against
Radius, Inc. and any of its former or present directors, officers, agents, or
employees as a shareholder of Radius, Inc.
Xxxxx and Seller agree that a fax and countersigned copy of this agreement is
fully enforceable.
By: Xx. Xxxxxxxx Xxxxxxxx By: Xxxxxx X. Xxxxxxxxx
President
Information Technologies Group
Mitsubishi Electronics America, Inc.
/s/Xxxxxxxx Xxxxxxxx /s/ Xxxxxx X. Xxxxxxxxx
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Xxxxxx X. Xxxxxxxxx
