BUSINESS COMBINATION AGREEMENTBusiness Combination Agreement • January 14th, 2003 • Sailtech International Inc • Ship & boat building & repairing • Nevada
This agreement is entered into the 1st day of January, 2003 between SAILTECH INTERNATIONAL, INC., a Nevada corporation (herein, "Company"), ECOLOCLEAN, INC., a Texas corporation, (herein, "ECI") and ROYIS WARD, MICHAEL WARD, ALLAN HANSON, MICHAEL RICHARDSON, SAMUEL SIMON and DAN COCKE, (herein, collectively, Sellers). The Company, ECI and the Sellers desire to enter into a business combination transaction whereby the Company will issue shares to Sellers in exchange for their shares of ECI.
CONSENT, WAIVER, RELEASE AND TERMINATION AGREEMENTConsent, Waiver, Release and Termination Agreement • January 14th, 2003 • Sailtech International Inc • Ship & boat building & repairing • Florida
This Consent, Waiver, Release and Termination Agreement (this "Agreement") dated as of August ___, 2002, is executed by SAILTECH INTERNATIONAL, INC. (the "Company"), a Nevada corporation whose address is 2964 - 63rd Avenue East, Bradenton, Florida 34203, and those shareholders of the Company who are signatories to this Agreement or a counterpart of it (collectively, the "Shareholders" and individually, a "Shareholder") to record their agreement.
SETTLEMENT AND STOCK REDEMPTION AGREEMENTSettlement and Stock Redemption Agreement • January 14th, 2003 • Sailtech International Inc • Ship & boat building & repairing • Florida
This Settlement and Stock Redemption Agreement (this "Agreement") is executed by Phillips Family Limited Partnership ("Investor"), a South Dakota limited partnership; Carey M. Phillips ("Phillips"), a Florida resident; SailTech International, Inc. (the "Company"), a Nevada corporation; SailTech Design, Inc. ("SDIF"), a Florida corporation; and SailTech Design, Inc., ("SDIBC"), a British Columbia corporation, both direct or indirect subsidiaries of the Company (together, the "Subsidiaries" and, individually, a "Subsidiary"), Gunter Richtler and W. Barry Girling (together, the "Managing Shareholders"), to record their agreements regarding the redemption by the Company of Investor's shares of common stock of the Company and related matters.
