TERMINATION AGREEMENT betweenTermination Agreement • June 29th, 2007 • Norcross Safety Products LLC • Miscellaneous manufacturing industries
The Company has terminated as of March 14, 2007 the Service Agreement with the Managing Director as defined further down below. The Parties, however, are now in mutual agreement that the Service Agreement shall be terminated on the basis of this Termination Agreement. The Parties further mutually agree that this Termination Agreement is executed upon the request of the Company in context with the transfer of a 75% interest in the Hungarian Guba Holding Kft. (registration no.: 01-09-860103; tax number: 13530961-2-43 - hereinafter referred to as “Guba-Holding”) by its shareholder Ernst Meck GmbH, of which Mr. Laitsch is the sole managing director.
