SETTLEMENT AGREEMENT THIS SETTLEMENT AGREEMENT is entered into by and between Boston Financial & Equity Corporation ("BFEC") and Tanisys Technology, Inc. ("TTI"). WHEREAS, BFEC and TTI entered into that certain Master Lease Agreement No. 1299 dated as...Settlement Agreement • February 24th, 2000 • Tanisys Technology Inc • Electronic components, nec • Massachusetts
BILL OF SALEBill of Sale • February 24th, 2000 • Tanisys Technology Inc • Electronic components, nec
This Bill of Sale is executed pursuant to the terms of that certain Contract for Sale of Equipment executed by and between Buyer and Seller of even date herewith and is subject to all of the terms and provisions of that Contract.
TERM PROMISSORY NOTETerm Promissory Note • February 24th, 2000 • Tanisys Technology Inc • Electronic components, nec • Texas
CONTRACT FOR SALE OF EQUIPMENT This Contract for Sale of Equipment (the "Contract") is made and entered into by and between Boston Financial & Equity Corporation ("Seller") and Tanisys Operations, LP ("Purchaser") as of December 9, 1999 (the...Contract for Sale of Equipment • February 24th, 2000 • Tanisys Technology Inc • Electronic components, nec • Massachusetts
AGREEMENT RELATING TO NONCOMPETITION The parties hereto are entering into this Agreement contemporaneously with the execution of that certain Asset Purchase Agreement (the "Asset Purchase Agreement") dated as of December 7, 1999, by and between...Non-Competition Agreement • February 24th, 2000 • Tanisys Technology Inc • Electronic components, nec • Texas
The parties hereto are entering into this Agreement contemporaneously with the execution of that certain Asset Purchase Agreement (the "Asset Purchase Agreement") dated as of December 7, 1999, by and between Tanisys Operations, LP, a Texas limited partnership ("Buyer") and Tanisys Technology, Inc., a Wyoming corporation ("Buyer"), pursuant to which Buyer is purchasing substantially all of the assets of Seller's worldwide memory components distribution and manufacturing business. As an inducement for Buyer to purchase the Assets and assume the Assumed Liabilities, Seller agrees not to compete with Buyer or solicit customers or employees from Buyer or its Affiliates as more particularly described in Section 7.15 of the Asset Purchase Agreement. The parties agree that the allocation for tax purposes of $100,000 of the Purchase Price for such noncompetition agreement would be grossly inadequate to compensate Buyer in the event Seller breaches the provisions of Section 7.15 (a "Breach") of
