SEPARATION AND RELEASE AGREEMENTSeparation and Release Agreement • August 5th, 2015 • Electronic Systems Technology Inc • Electronic components & accessories
This Separation and Release Agreement (“The Agreement”) is entered into this 29th day of July, 2015 between THOMAS L. KIRCHNER (“Kirchner”) and ELECTRONIC SYSTEMS TECHNOLOGY, INC., a Washington Corporation (“ELST”).
CONSULTING AGREEMENTConsulting Agreement • August 5th, 2015 • Electronic Systems Technology Inc • Electronic components & accessories • Washington
This CONSULTING AGREEMENT (“Agreement”) is made and entered into as of August 1, 2015 (the “Commencement Date”), between ELECTRONIC SYSTEMS TECHNOLOGY, INC. a Washington corporation (“ELST”), and THOMAS L. KIRCHNER (“Kirchner”). Upon the expiration of the seven-day revocation period described in Section 5.b. of the Separation Agreement (as defined below) without a revocation by the Officer as described therein (the “Effective Date”), this Agreement will become effective as of the Commencement Date, provided that if the Effective Date does not occur, this Agreement will be void ab initio (e.g., it shall never take effect).
