0001193125-04-188033 Sample Contracts

Contract
Warrant Agreement • November 5th, 2004 • Si Technologies Inc • Misc industrial & commercial machinery & equipment • California

THIS WARRANT AND THE SECURITIES ISSUABLE UPON THE EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES LAWS. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE SECURITIES UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR UNLESS (i) SOLD PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS AND (ii) THE COMPANY, IF IT SO REQUESTS, HAS RECEIVED AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

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SEVERANCE AGREEMENT AND RELEASE
Severance Agreement • November 5th, 2004 • Si Technologies Inc • Misc industrial & commercial machinery & equipment • California

This Severance Agreement and Release (this “Agreement”) is made effective as of March 15, 2004 by and between Rick A. Beets (“Employee”) and SI Technologies, Inc. (the “Company”), with reference to the following facts:

CREDIT AGREEMENT between and SI TECHNOLOGIES, INC. dated June , 2002
Credit Agreement • November 5th, 2004 • Si Technologies Inc • Misc industrial & commercial machinery & equipment • Washington

This Credit Agreement (the “Agreement”) is entered into on June , 2002, between U.S. BANK NATIONAL ASSOCIATION (“U.S. Bank”) and SI TECHNOLOGIES, INC. (“SI”).

SI TECHNOLOGIES, INC. CHANGE IN CONTROL AGREEMENT
Change in Control Agreement • November 5th, 2004 • Si Technologies Inc • Misc industrial & commercial machinery & equipment • California

THIS AGREEMENT is made by and between SI Technologies, Inc., a Delaware corporation (the “Company”), and Marvin Moist (the “Employee”), as of September 10, 2004 (the “Effective Date”), with reference to the following facts:

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