PLEDGE AGREEMENT PLEDGE AGREEMENT dated as of January 6, 1997, made by BATTERY ACQUISITION CORP., a New York corporation ("Pledgor") to IBJ SCHRODER BANK & TRUST COMPANY, as Agent (as hereinafter defined) (the "Pledgee"). BACKGROUND TO THE AGREEMENT...Pledge Agreement • January 21st, 1997 • Batteries Batteries Inc • Miscellaneous electrical machinery, equipment & supplies • New York
STOCK PURCHASE AGREEMENTStock Purchase Agreement • January 21st, 1997 • Batteries Batteries Inc • Miscellaneous electrical machinery, equipment & supplies • Delaware
WITNESSETHLease • January 21st, 1997 • Batteries Batteries Inc • Miscellaneous electrical machinery, equipment & supplies • New Jersey
WITNESSETH:Employment Agreement • January 21st, 1997 • Batteries Batteries Inc • Miscellaneous electrical machinery, equipment & supplies • New York
WITNESSETHLease • January 21st, 1997 • Batteries Batteries Inc • Miscellaneous electrical machinery, equipment & supplies • Illinois
ARTICLE I ASSETSAsset Purchase Agreement • January 21st, 1997 • Batteries Batteries Inc • Miscellaneous electrical machinery, equipment & supplies • Delaware
REVOLVING CREDIT NOTERevolving Credit Note • January 21st, 1997 • Batteries Batteries Inc • Miscellaneous electrical machinery, equipment & supplies • New York
TERM NOTETerm Note • January 21st, 1997 • Batteries Batteries Inc • Miscellaneous electrical machinery, equipment & supplies • New York
ANDRevolving Credit, Term Loan and Security Agreement • January 21st, 1997 • Batteries Batteries Inc • Miscellaneous electrical machinery, equipment & supplies • New York
BATTERIES BATTERIES, INC. C/O FOUNDERS EQUITY INC. 200 MADISON AVENUE NEW YORK, NEW YORK 10016 (212) 953-0100 FAX: (212) 953-0626Stock Agreement • January 21st, 1997 • Batteries Batteries Inc • Miscellaneous electrical machinery, equipment & supplies
Batteries Batteries, Inc., a Delaware corporation ("Buyer") and Messrs. William Steven Sapp ("WSS") and James Sapp ("JS") are to enter into an agreement (the "Stock Agreement") providing for the purchase by Buyer from WSS, JS and Ms. Susan Grandt of the outstanding capital stock of Battery Network, Inc., an Illinois corporation ("BN") and the execution by WSS and JS of employment agreements providing for their employment by BN as executive officers for a period of three years following consummation of the acquisition.
