DATED December 2010 THERMODYNETICS, INC as Seller EXECUZEN LTD and BURLINGTON HOLDINGS, INC as Buyers AGREEMENT for the sale and purchase of 1,100,000 shares in Turbotec Products plcShare Purchase Agreement • December 23rd, 2010 • Thermodynetics Inc • Miscellaneous fabricated metal products
Clause Name Page 1 Definitions and interpretation 1 2 Agreement for sale 4 3 Purchase Price 4 4 Completion 4 5 Warranties 5 6 Indemnity 6 7 Assignment and succession 6 8 Right of First Refusal 6 9 Announcements and information 7 10 Rights and remedies of the Buyers 8 11 Waiver 8 12 No merger 8 13 Cumulative rights 8 14 Contracts (Rights of Third Parties) Act 1999 8 15 Costs 9 16 Set off, withholding tax and grossing-up 9 17 Invalidity 9 18 Further assurance 9 19 Counterparts 9 20 Joint and several liability 10 21 Communications 10 22 Entire Agreement 10 23 Governing law and jurisdiction 11 24 Service of process 11 Schedule Name Page Number of Shares being purchased by each Buyer 12 Execution Page 13
