Document:

Converted by EDGARwiz

Exhibit 10.2

NON-SOLICITATION AGREEMENT

This Non-Solicitation Agreement is made and entered into this 20th day of March, 2007 by and between Colfax Financial Corporation, a Utah corporation (“Colfax”) and Flash Motors, Inc., an Arizona corporation (“Flash”).

WHEREAS Colfax and Flash entered into a Settlement Agreement on today’s date wherein they agreed to cancel the Consultant and Non Compete Agreement which was entered into by them on the 14th day of November, 2006, and replace said Consultant and Non Compete Agreement with this NON-SOLICITATION AGREEMENT.

NOW, THEREFORE, for and in consideration of the mutual promises herein contained and other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

1.  Non-Solicitation.  There shall be no prohibition against Flash competing with Colfax, directly or indirectly, provided however that Flash agrees that it will not solicit nor accept any business from Colfax’s existing accounts or customers as described in Exhibit “A” attached hereto and made a part hereof by reference.

2.  Prospects.  Flash further agrees not to solicit business from the prospects set forth in Exhibit “B” attached hereto and made a part hereof by reference.

3.  Term.  The term of this Agreement shall commence on the date hereof and shall continue hereafter for a period of five (5) years.

4.  Duties.  It is understood and agreed that all duties set forth in paragraph 3 of the cancelled Consultant and Non-Compete Agreement are no longer binding upon Flash or any of its representatives, including Harry March.  It is specifically understood and agreed that the sole restriction upon March and its representatives is not to solicit for business purposes those parties described in paragraphs 1 and 2 of this Non-Solicitation Agreement.

5.  Cost of Agreement.  Colfax shall pay to Flash a total sum of One Million Four Hundred Thousand and no/100 Dollars ($1,400,000) for Flash and its representatives agreement not to solicit the accounts and prospects provided for herein said sum to be evidenced by a promissory note and to be paid as follows:

(a)

The issuance of a promissory note in the principal amount of One Million Four Hundred Thousand and no/100 Dollars ($1,400,000) to evidence said obligation which shall include the following terms and conditions

(i)

An effective date of March 1, 2007;

(ii)

interest at a rate of thirteen (13%) percent per annum;

(iii)

the same subordination provisions provided for in the notes issued pursuant to the Consulting and Non-Compete Agreement;

(iv)

interest shall be due monthly in arrears commencing April 1, 2007;

(v)

on November 14, 2008, the noteholder may demand payment of principal of Two Hundred Fifty Thousand and no/100 Dollars ($250,000) which will be payable within thirty (30) days and additional increments of up to Two Hundred Fifty Thousand and no/100 Dollars ($250,000) may be demanded every thirty (30) days thereafter until the note is paid in full.

It is understood and agreed that the Note shall be in the form of Exhibit “C” attached hereto and made a part hereof by reference and further that the issuance and execution of said note shall be deemed as payment in full of the two (2) Promissory Notes issued pursuant to the Consultant and Non-Compete Agreement.

6.  Effectiveness of Provisions on Consultant and Non-Compete Agreement.  Except as specifically provided for herein, the provisions of the Consultant and Non-Compete Agreement shall be unenforceable.

7.  Colfax Name.  Colfax hereby agrees to allow Flash and its representatives to use the name Colfax Financial notwithstanding the provisions of the Purchase Agreement entered into between the parties on the 14th day of November, 2006.  Colfax further agrees to rename its company STEN Credit Corporation provided, however, that it is agreed that Colfax may answer the phone “STEN Credit/Colfax” for a period of six (6) months from the date of this Agreement.

8.  Representation of Authority.  The Parties represent and warrant that each Party has the power and authority to execute this Non-Solicitation Agreement and perform the obligations contained herein.  Each Party acknowledges that the representations and warranties contained are of material importance to the other Parties, who would not execute this Non-Solicitation Agreement nor perform the obligations but for the receipt of the foregoing warranties and representations.

9.  Survival of Representations and Warranties.  The representation and warranties of the respective Parties as set forth in this Non-Solicitation Agreement, shall survive.

10.  Entire Agreement.  This Non-Solicitation Agreement contains the entire agreement between the Parties and supersedes and replaces any and all prior agreements, written and/or oral, relating to the subject matter hereof.  This Non-Solicitation Agreement may not be modified, and no. provisions hereof may be waived, except by an instrument in writing signed by the Parties hereto.  Except for the statements, representations, and promises contained herein, none of the Parties is relying upon any representation, statement or promise of the other party or their respective agents or attorneys in entering into this Non-Solicitation Agreement.

11.  Representation By Counsel.  The Parties hereto agree and acknowledge that they have had the opportunity to be represented herein by counsel of their own choosing in the negotiations and the preparation of this Non-Solicitation Agreement; that they have carefully read this Non-Solicitation Agreement; that they have had its contents fully explained to them by counsel; that they are fully aware of and understand all of its terms and the legal consequences thereof; that each Party has signed this Non-Solicitation Agreement voluntarily as part of their own free act and of their own free will and accord.

12.  Law and Venue.  This Non-Solicitation Agreement is made and entered into in the State of Arizona and shall in all respects be interpreted and enforced pursuant to the laws of Arizona, If an action is filed to enforce the terms of this Non-Solicitation Agreement, venue for such an action shall be the Superior Court for the: State of Arizona, for the County of Maricopa.

13.  Meaning.  This Non-Solicitation Agreement has been jointly negotiated by the Parties hereto.  The language of this Non-Solicitation Agreement shall be construed as a whole according to its fair meaning, to give effect to the broadest meaning and interpretation of the law possible, it being the Parties’ mutual intent to carry out its terms and not to be interpreted narrowly.

14.  Notice.  All notices, consents, requests, instructions, approvals or other communications shall be validly given, made or served, if in writing and delivered personally or sent by telecopier, telex, registered or certified mail, postage prepaid, if to Flash at the following address:

Flash Motors, Inc.

10662 E. San Salvador

Scottsdale, AZ 85258

If to Colfax, at the following address:

Colfax Financial Corporation

7607 E. McDowell Road, Suite 107

Scottsdale, AZ 85257

or, in each case, at such other address as may be from time to time specified, in writing, but no such change shall be deemed to have been given until it is actually received by the Party sought to be charged with its contents.

15.  Successors and Assigns.  This Non-Solicitation Agreement shall be binding and inure to the benefit of each of the Parties, their respective assigns, successors-in-interest and representatives.

16.  Attorneys’ Fees.  In the event of any dispute, including court proceedings, under or in connection with this Non-Solicitation Agreement, the prevailing party shall be entitled to recover from the losing party all costs, expenses and reasonable attorneys’ fees incidental to such dispute.

17.  Counterparts.  This Non-Solicitation Agreement may be executed in separate counterparts, and by facsimile signature, each of which shall be deemed an original but all of which together shall be one and the same instrument, and shall become effective when such counterparts have been signed and exchanged between all parties.

IN WITNESS WHEREOF, the Parties hereto have executed this Non-Solicitation Agreement on the day and year first above written.

	 	 
	Dated:

	FLASH MOTORS, INC.

	 	 
	 	 
	 	By

	 /s/ Harry March

	 
	 	Harry March

	 	 
	 	 
	 	 
	Dated:

	COLFAX FINANCIAL CORPORATION

	 	 
	 	 
	 	By

	 /s/ Kenneth Brimmer

	 
	 	Kenneth BrimmerConverted by EDGARwiz

Exhibit 10.3

PROMISSORY NOTE

$1,400,000.00

March 1, 2007

Phoenix, Arizona

Colfax Financial Corporation, a Utah Corporation (“Maker”) promises to pay to the order of Flash Motors, Inc., an Arizona Corporation (“Holder”) at 10662 San Salvador, Scottsdale, Arizona 85258 or such other place as may be designated in writing by Holder or its assigns, the principal sum of One Million Four Hundred Thousand and no/100 Dollars ($1,400,000), with interest thereon from this date, until fully paid, at a rate equal to thirteen percent (13%) per annum.

The term of this Note shall be sixty (60) months beginning on the Execution Date.  Any balance outstanding as of the expiration of the term shall be due in full and payable on the term expiration date.  In the alternative Two Hundred Fifty Thousand and no/100 Dollars ($250,000) of the principal shall be payable on demand on November 14, 2008 and additional increments of principal of up to Two Hundred Fifty Thousand and no/100 Dollars ($250,000) may be demanded every thirty (30) days thereafter until the Note is paid in full.  Holder shall provide Maker with thirty (30) days written notice of its intent to demand any such payment.  Such notice shall be addressed to Maker at 7607 E. McDowell Road, Scottsdale, Arizona 85257 and is effective three days after being entered into the United States Postal Service as certified mail, return receipt requested.

Interest only shall be payable monthly, in arrears.  The first interest payment shall be due and owing on April 1, 2007.  Interest shall be computed on the basis of a 365-day year or 366-day year as applicable, and actual days lapsed.  Maker shall have the privilege of prepaying the principal under this Note in whole or in part, without penalty or premium at any time.  All payments hereunder shall be applied first to interest, then to principal.

Maker shall pay upon demand any and all expenses, including reasonable attorney fees, incurred or paid by Holder without suit or action in attempting to collect funds due under this Note.  In the event an action is instituted to enforce or interpret any of the terms of this Note including but not limited to any action or participation by Maker in, or in connection with, a case or proceeding under the Bankruptcy Code or any successor statute, the prevailing party shall be entitled to recover all expenses reasonably incurred at, before and after trial, appeal or review whether or not taxable as costs, including, without limitation, attorney fees, witness fees (expert and otherwise), deposition costs, copying charges and other expenses.

All parties to this Note hereby waive presentment, dishonor, notice of dishonor, and protest.  All parties hereto consent to, and Holder is hereby expressly authorized to make, without notice, any and all renewals, extensions, modifications or waivers of the time for or the terms of payment of any sum or sums due hereunder, or under any documents or instruments relating to or securing this Note, or of the performance of any covenants, conditions or agreements hereof or thereof or the taking or release of collateral securing this Note.  Any such action taken by Holder shall not discharge the liability of any party to this Note.

This Note arises out of an agreement between Maker and Holder for non-competition and employment (the “Agreement”).  Breach of said Agreement by Holder as it may be provided for in such Agreement shall in no way affect the enforceability or validity of this Promissory Note.

This Note has been executed and delivered in the State of Arizona on this 1st day of March, 2007 (“Execution Date”).  The Note terms shall be governed and construed in accordance with the laws of Arizona.

	 
	COLFAX FINANCIAL CORPORATION

	 
	 
	By

	 /s/ Kenneth Brimmer

	 
	Kenneth Brimmer

	Its: Authorized Agent

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