Exhibit 6.3
POOLING AGREEMENT
THIS AGREEMENT dated for reference the 25th day of August, 1998.
AMONG:
iQ Power Technology Inc.
(hereinafter called the "Issuer")
OF THE FIRST PART
AND:
MONTREAL TRUST COMPANY OF CANADA
(hereinafter called the "Pooling Agent")
OF THE SECOND PART
AND:
The undersigned shareholders of
iQ Power Technology Inc.
(hereinafter called the "Shareholders")
OF THE THIRD PART
WHEREAS:
A. The Shareholders are the holders of, have subscribed for, or have agreed to
purchase shares (the "Shares") of iQ Power Technology Inc. (the "Issuer") as
described in Schedule "A" hereto;
B. The Shareholders have agreed to place the Shares in pool with the Pooling
Agent on the terms and conditions herein contained.
NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the sum of TEN
DOLLARS ($10.00) now paid by the parties hereto, each to the other (the receipt
whereof is hereby acknowledged) and in further consideration of the mutual
covenants and conditions hereinafter contained, the parties hereto agree as
follows:
1. In this Agreement, "Effective Date" shall mean the day all of the issued and
outstanding shares of iQ Battery Research and Development GmbH are acquired by
the Issuer.
2. The Shareholders hereby agrees with the Issuer and the Pooling Agent that
they will respectively deliver or cause to be delivered to the Pooling Agent
certificates for their Shares in the Issuer as set out in Schedule "A" hereto to
be held by the Pooling Agent and released, subject as hereinafter provided, as
provided in Schedule "A".
3. The Shareholders shall be entitled to a letter or receipt from the Pooling
Agent stating the number of Shares represented by certificates held for them by
the Pooling Agent subject to the terms of this Agreement, but such letter or
receipt shall not be assignable.
4. The Shareholders shall not sell, deal in, assign, transfer in any manner
whatsoever or agree to sell, deal in, assign or transfer in any manner
whatsoever any of the said Shares or beneficial ownership of or any interest in
them; and the Pooling Agent shall not accept or acknowledge any transfer,
assignment, declaration of trust or any other document evidencing a change in
legal or beneficial ownership of or interest in the said Shares, except as may
be required by reason of the death or bankruptcy of any one or more of the
Shareholders, in which case the Pooling Agent shall hold the said certificates
for Shares subject to this Agreement for whatever person or persons, firm or
corporation that may thus become legally entitled thereto.
5. The Parties agree that the Shares are being pooled in the best interests of
the Issuer and its shareholders and have not been pooled due to duress or undue
influence.
6. This Agreement shall enure to the benefit of and be binding upon the parties
hereto, their and each of their heirs, executors, administrators, successors and
permitted assigns.
Pooling Agreement
Page 2
7. This Agreement may be executed in several parts in the same form and such
parts so executed shall together constitute one original Agreement and such
parts, if more than one, shall be read together and construed as if all the
signing parties hereto had executed one copy of this Agreement.
8. Each of the signatories hereby agree that new shareholders of the Issuer may
agree to be bound as parties to this Agreement from time to time and pool their
shareholdings in the Issuer from time to time by amendments hereto which need
only be signed by the Issuer, the Pooling Agent and the shareholders joining the
Agreement from time to time.
9. The parties hereto agree that in consideration of the Pooling Agent agreeing
to act as Pooling Agent as aforesaid, the Issuer and the Shareholders do hereby
covenant and agree from time to time and at all times hereafter, well and truly
to save, defend and keep harmless and fully indemnify the Pooling Agent, its
successors and assigns, from and against all loss, costs, charges, damages and
expenses which the said Pooling Agent, its successors and assigns may at any
time or times hereafter bear, sustain, suffer or be put to for or by reason or
on account of its acting as Pooling Agent pursuant to this Agreement.
10. It is further agreed by and between the parties hereto and, without
restricting the foregoing indemnity, that in case proceedings should hereafter
be taken in any Court respecting the Shares hereby pooled, the Pooling Agent
shall not be obliged to defend any such action or submit its rights to the Court
until it shall have been indemnified by other good and sufficient security in
addition to the indemnity hereinbefore given against its costs of such
proceedings.
IN WITNESS WHEREOF the Issuer, the Pooling Agent, and the Shareholders, have
executed these presents as of the day and year first above written.
SIGNED, SEALED AND DELIVERED ) iQ Power Technology Inc.
by the Issuer in the presence of: ) Name of Issuer
)
____________________________________ ) Per:______________________________
Witness ) signature
___________________________________ ) Xxxxx 000, 0000 Xxxx Xxxxxxxx Xxxxxx
Address ) Xxxxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxx
___________________________________ ) V6E 2J3
City and Postal Code ) Address for service
SIGNED, SEALED AND DELIVERED ) Montreal Trust Company of Canada
by the Pooling Agent in the ) Name of Pooling Agent
presence of: )
)
____________________________________ ) Per:______________________________
Witness ) signature
___________________________________ ) ___________________________________
Address ) ___________________________________
___________________________________ ) ___________________________________
City and Postal Code ) Address for service
Pooling Agreement
Page 3
SIGNED, SEALED AND DELIVERED ) Mercator Profits Limited
by a Shareholder in the presence of: ) Name of Shareholder
)
)
____________________________________ ) __________________________________
Witness ) signature
___________________________________ ) ___________________________________
Address ) ___________________________________
___________________________________ ) ___________________________________
City and Postal Code ) Address for service
SIGNED, SEALED AND DELIVERED ) Xxxxxx Xxxxx
by a Shareholder in the presence of: ) Name of Shareholder
)
)
____________________________________ ) __________________________________
Witness ) signature
___________________________________ ) ___________________________________
Address ) ___________________________________
___________________________________ ) ___________________________________
City and Postal Code ) Address for service
SIGNED, SEALED AND DELIVERED ) Mayon Management Corp.
by a Shareholder in the presence of: ) Name of Shareholder
)
)
____________________________________ ) __________________________________
Witness ) signature
___________________________________ ) ___________________________________
Address ) ___________________________________
___________________________________ ) ___________________________________
City and Postal Code ) Address for service
SIGNED, SEALED AND DELIVERED ) Xxxxx Xxxxxx Xxxxx
by a Shareholder in the presence of: ) Name of Shareholder
)
)
____________________________________ ) __________________________________
Witness ) signature
___________________________________ ) ___________________________________
Address ) ___________________________________
___________________________________ ) ___________________________________
City and Postal Code ) Address for service
SIGNED, SEALED AND DELIVERED ) Xx. Xxxxxxx Xxxxx
by a Shareholder in the presence of: ) Name of Shareholder
)
)
____________________________________ ) __________________________________
Witness ) signature
___________________________________ ) ___________________________________
Address ) ___________________________________
___________________________________ ) ___________________________________
City and Postal Code ) Address for service
Pooling Agreement
Page 4
SIGNED, SEALED AND DELIVERED ) Xxxxx Wittkewitz
by a Shareholder in the presence of: ) Name of Shareholder
)
)
____________________________________ ) __________________________________
Witness ) signature
___________________________________ ) ___________________________________
Address ) ___________________________________
___________________________________ ) ___________________________________
City and Postal Code ) Address for service
SIGNED, SEALED AND DELIVERED ) Xxxxxx Xxxxx
by a Shareholder in the presence of: ) Name of Shareholder
)
)
____________________________________ ) __________________________________
Witness ) signature
___________________________________ ) ___________________________________
Address ) ___________________________________
___________________________________ ) ___________________________________
City and Postal Code ) Address for service
SIGNED, SEALED AND DELIVERED ) Xxxxx X. Xxxxx
by a Shareholder in the presence of: ) Name of Shareholder
)
)
____________________________________ ) __________________________________
Witness ) signature
___________________________________ ) ___________________________________
Address ) ___________________________________
___________________________________ ) ___________________________________
City and Postal Code ) Address for service
SCHEDULE "A"
The Shares shall be released as to:
a. 1/4 of the Shares on April 1, 2000 (the "First Release Date");
b. 1/4 of the Shares three months following the First Release Date;
c. 1/4 of the Shares six months following the First Release Date; and
d. 1/4 of the Shares nine months following the First Release Date
except that where the number of pooled shares of any Shareholder as at a Release
Date are less than or equal to 50,000, then all such shares of that Shareholder
shall be released.
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Shareholder Shares Pooled
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Mayon Management Corp. 236,213
Mercator Profits Limited 1,014,742
Xxxxxx Xxxxx 963,889
Xxxxx Xxxxxx Xxxxx 1,750,000
Xx. Xxxxxxx Xxxxx 2,500,000
Xxxxx X. Xxxxx 2,100,000
Xxxxx Wittkewitz 1,150,000
Xxxxxx Xxxxx 1,000,000
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