Translation from the German into the English Language
Exhibit 6.27
Page 1 of 1
Agreement
between
iQ BATTERY Research & Development GmbH,
- hereafter referred to as the "Debtor" -
and
Xx. Xxxxxx Xxxxx and Mr. Xxxxx Xxxxx
- hereafter referred to as the "Creditors" -
As based on Contract from March 15, 1995, the iQ BATTERY Research & Development
GmbH owes to Messrs. Dieter and Xxxxx Xxxxx for relinquishing of the patents and
know-how for starter batteries amount of DM 400,000.00.
The Creditor declares in respect of his claim against the Debtor, that he places
his claim in order of other present and future Creditors of the Debtor, whereby
it is agreed with the Debtor that redemption of the interest will be depending
solely on the identifiable redemption ability of the Debtor, or on the future
liquidation surplus. Consequently, the Creditor obligates himself particularly
not to raise his claim against the Debtor for such a time period, as per partial
or complete release of these claims as based on calculations of the indebtedness
of the Debtor as in sense of ss. 63, s. 1 GmbH.
Unterhaching, December 27, 1996.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(iQ BATTERY Research & (Xxxxxx Xxxxx) (Xxxxx Xxxxx)
Development GmbH)
