Document:

WWW.EXFILE.COM, INC. -- 888-775-4789 -- BOSTON SCIENTIFIC CORP. -- EXHIBIT 10.1 TO FORM 8K

    EXHIBIT
10.1

     

     

    SECOND
AMENDMENT

     

    SECOND
AMENDMENT, dated as of February 20, 2009 (this “Amendment”), to the
Credit Agreement, dated as of April 21, 2006 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”),
among (i) BOSTON SCIENTIFIC CORPORATION, a Delaware corporation (the “Borrower”), (ii) BSC
INTERNATIONAL HOLDING LIMITED, a company incorporated under the laws of Ireland
(the “Term Loan
Borrower”), (iii) the several banks and other financial institutions from
time to time parties thereto (the “Lenders”), (iv)
MERRILL LYNCH CAPITAL CORPORATION, as Syndication Agent (the “Syndication Agent”),
(v) BEAR STEARNS CORPORATE LENDING INC., DEUTSCHE BANK SECURITIES INC. and
WACHOVIA BANK, NATIONAL ASSOCIATION, as Co-Documentation Agents (each in such
capacity, a “Documentation Agent”,
and collectively, the “Documentation
Agents”), and (vi) BANK OF AMERICA, N.A., as Administrative Agent for the
Lenders thereunder (in such capacity, the “Administrative
Agent”).

     

     

    W I T N E S S E T
H:

     

    WHEREAS,
the Borrower, the Term Loan Borrower, the Lenders, the Syndication Agent, the
Documentation Agents and the Administrative Agent are parties to the Credit
Agreement; and

     

    WHEREAS,
the Borrowers have requested that the Lenders amend the Credit Agreement as set
forth herein; and

     

    WHEREAS,
the Lenders and the Administrative Agent are willing to agree to such amendment
to the Credit Agreement, subject to the terms and conditions set forth
herein;

     

    NOW,
THEREFORE, in consideration of the premises and mutual covenants contained
herein, the Borrowers, the Lenders and the Administrative Agent hereby agree as
follows:

     

     

    ARTICLE
I

     

    SECTION
1.1 Defined
Terms.  Terms
defined in the Credit Agreement and used herein shall have the meanings given to
them in the Credit Agreement.

     

    SECTION
1.2 Amendments to Subsection 1.1
(Definitions).  (a)  The
definition of the term “Applicable Margin” in subsection 1.1 of the Credit
Agreement is hereby amended to read as follows:

     

    “Applicable
Margin”:  with respect to each day for each Type of Loan, the
rate per annum based on the Ratings in effect on such day, as set forth under
the relevant column heading below:

     

    

     

    
      	
              Revolving
      Loans and Term Loans

            
	
              Revolving
      Loans

            	
              Term
      Loans

            
	
              
                Rating

              

            	
              
                Eurodollar
      Loans/

                Multicurrency
      Loans

              

            	
              
                ABR
      Loans

              

            	
              Eurodollar Loans

            	
              ABR Loans

            
	
              Rating
      I

            	
              0.800%

            	
              0%

            	
              1.000%

            	
              0%

            
	
              Rating
      II

            	
              0.875%

            	
              0%

            	
              1.125%

            	
              0.125%

            
	
              Rating
      III

            	
              0.950%

            	
              0%

            	
              1.250%

            	
              0.250%

            
	
              Rating
      IV

            	
              1.025%

            	
              0.025%

            	
              1.375%

            	
              0.375%

            
	
              Rating
      V

            	
              1.100%

            	
              0.100%

            	
              1.500%

            	
              0.500%

            
	
              Rating
      VI

            	
              1.175%

            	
              0.175%

            	
              1.625%

            	
              0.625%

            
	
              Rating
      VII

            	
              1.250%

            	
              0.250%

            	
              1.750%

            	
              0.750%

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (b) The
definition of the term “Consolidated EBITDA” in subsection 1.1 of the Credit
Agreement is hereby amended by replacing the current definition with the
following:

     

    “Consolidated
EBITDA”:  of any Person for any period, Consolidated Net Income
of such Person and its Subsidiaries for such period plus, without
duplication and to the extent reflected as a charge in the statement of such
Consolidated Net Income for such period, the sum of

     

    (a)
income tax expense, including any expenses resulting from income tax disputes
with a Governmental Authority,

     

    (b)
Consolidated Interest Expense of such Person and its Subsidiaries, amortization
or writeoff of debt discount and debt issuance costs and commissions, discounts
and other fees and charges associated with Indebtedness,

     

    (c)
depreciation expense,

     

    (d)
amortization or write-down of intangibles (including, but not limited to,
goodwill) and organization costs,

     

    (e) (i)
any extraordinary, unusual or nonrecurring expenses or losses (to the extent any
of the foregoing are non-cash items) (including, whether or not otherwise
includable as a separate item in the statement of such Consolidated Net Income
for such period, losses on sales of assets outside of the ordinary course of
business and including special charges and purchased research and development
charges in connection with acquisitions and other strategic alliances, inventory
step-up charges, and unrealized investment impairments), and (ii) net
litigation-related charges and credits until such items are paid or received (at
such time as such items are paid or received, as applicable, such cash payments
shall be subtracted from Consolidated Net Income and such cash receipts shall be
added to Consolidated Net Income),

     

    (f) any
non-cash stock compensation expense in accordance with FAS123(r),

     

    (g) with
regard to any period ending March 31, 2009 through March 31, 2011 any cash
litigation costs, including judgments, orders, awards, settlements and related
legal costs paid during such period (net of any cash litigation or settlement
payments received during such period) (“Cash Litigation Charges”), provided that, solely
for the purposes of this definition, the aggregate amount of Cash Litigation
Charges under this clause (g) shall not exceed the sum of $1,137,000,000 plus
all cash payments (net of cash receipts) related to amounts that were recorded
in the financial statements of the Borrower before January 1, 2009,

     

    (h) with
regard to any period ending March 31, 2009 through March 31, 2011 any cash or
non-cash charges in respect of restructurings, plant closings, staff reductions,
distributor network optimization initiatives, distribution technology
optimization initiatives or other similar charges, provided that, solely for the
purposes of this definition, the aggregate amount of all charges under this
clause (h) shall not exceed $346,000,000 in the aggregate, and

     

    (i) any
income or expense associated with business combinations following the adoption
of FASB Statement No. 141(R), "Business Combinations - a replacement of FASB
Statement No. 141", which would have been treated as a cost of the acquisition
(e.g., as goodwill) under FASB Statement No. 141, "Business
Combinations",

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    and minus, to the extent
included in the statement of such Consolidated Net Income for such period, the
sum of

     

    (a)
interest income (except to the extent deducted in determining Consolidated
Interest Expense), and

     

    (b) any
extraordinary, unusual or nonrecurring income or gains (to the extent any of the
foregoing are non-cash items) (including, whether or not otherwise includable as
a separate item in the statement of such Consolidated Net Income for such
period, gains on the sales of assets outside of the ordinary course of business,
inventory step-up charges, and unrealized investment impairments).

     

    Consolidated
EBITDA shall be calculated on a Pro Forma Basis to give effect to the
Acquisition as if the Acquisition had been effected on the first day of such
period.

     

    (c) The
definition of the term “Excess Utilization Day” in subsection 1.1 of the Credit
Agreement is hereby deleted.

     

    (d) The
definition of the term “Facility Fee Rate” in subsection 1.1 of the Credit
Agreement is hereby amended to read as follows:

     

    “Facility Fee
Rate”:  for each day during each calculation period, the rate
per annum based on the Ratings in effect on such day, as set forth
below:

     

    
      	
              
                Rating

              

            	
              
                Facility

                Fee
      Rate

              

            
	 	 
	
              Rating
      I

            	
              0.20%

            
	
              Rating
      II

            	
              0.25%

            
	
              Rating
      III

            	
              0.30%

            
	
              Rating
      IV

            	
              0.35%

            
	
              Rating
      V

            	
              0.40%

            
	
              Rating
      VI

            	
              0.45%

            
	
              Rating
      VII

            	
              0.50%

            

    

    

     

    SECTION
1.3 Conditions to
Effectiveness.  This
Amendment shall become effective on the date (the “Amendment Effective
Date”) on which (a) the Borrowers, the Administrative Agent and the
Majority Lenders shall have executed and delivered to the Administrative Agent
this Amendment, (b) the Borrowers shall have prepaid, or shall have made
arrangements to prepay substantially simultaneously with this Amendment becoming
effective, the Term Loans in the aggregate amount of not less than $500,000,000
(which prepayment shall be applied in accordance with Section 3.7(a) of the
Credit Agreement, the Lenders hereby agreeing to waive the four Business Day
notice provision set forth in Section 3.1(a)), (c) the Borrower shall have
reduced, or shall have made arrangements to reduce substantially simultaneously
with this Amendment being effective, the aggregate Revolving Credit Commitments
in an amount of not less than $250,000,000 (which reduction shall be made in
accordance with Section 2.9 of the Credit Agreement, the Lenders hereby agreeing
to waive the five Business Day notice provision set forth in such Section) and
(d) all fees payable to Banc of America Securities LLC and any Lender shall have
been paid.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    SECTION
1.4 Representation and
Warranties.  To induce the Administrative Agent to enter
into this Amendment, each Borrower hereby represents and warrants to the
Administrative Agent and all of the Lenders as of the Amendment Effective Date
that:

     

    (a) Corporate Power;
Authorization; Enforceable Obligations.

     

    (i) Each of
the Borrower and the Term Loan Borrower has the corporate power and authority,
and the legal right, to make and deliver this Amendment and to perform the Loan
Documents, as amended by this Amendment, to which it is a party and has taken
all necessary corporate action to authorize the execution, delivery and
performance of this Amendment and the performance of the Loan Documents, as so
amended, to which it is a party.

     

    (ii) No
consent or authorization of, filing with (other than the Borrower’s public
filing of the Amendment on Form 8-K), or notice to or other act by or in respect
of, any Governmental Authority or any other Person is required with respect to
the Borrower or any of its Subsidiaries in connection with the execution and
delivery of this Amendment or with the performance, validity or enforceability
of the Loan Documents, as amended by this Amendment, to which the Borrowers are
party.

     

    (iii) This
Amendment has been duly executed and delivered on behalf of the Borrower and the
Term Loan Borrower.

     

    (iv) This
Amendment and each Loan Document, as amended by this Amendment, to which each of
the Borrowers is a party constitutes a legal, valid and binding obligation of
the Borrower and the Term Loan Borrower enforceable against the Borrowers in
accordance with its terms, subject to the effects of bankruptcy, examination,
insolvency, fraudulent conveyance, reorganization, moratorium and other similar
laws relating to or affecting creditors’ rights generally, general equitable
principles (whether considered in a proceeding in equity or at law) and an
implied covenant of good faith and fair dealing.

     

    (b) Representations and
Warranties.  The representations and warranties made by each
Borrower in and pursuant to the Loan Documents are true and correct in all
material respects on and as of the Amendment Effective Date, after giving effect
to the effectiveness of this Amendment, as if made on and as of the Amendment
Effective Date.

     

    SECTION
1.5 Payment of
Expenses.  The
Borrower agrees to pay or reimburse the Administrative Agent for all of its
reasonable and documented out-of-pocket costs and expenses incurred in
connection with this Amendment, any other documents prepared in connection
herewith and the transactions contemplated hereby, including, without
limitation, the reasonable and documented fees and disbursements of counsel to
the Administrative Agent.

     

    SECTION
1.6 No Other Amendments;
Confirmation.  Except
as expressly amended, modified and supplemented hereby, the provisions of the
Credit Agreement and the other Loan Documents are and shall remain in full force
and effect.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    SECTION
1.7 Governing Law;
Counterparts.  (a)  This
Amendment and the rights and obligations of the parties hereto shall be governed
by, and construed and interpreted in accordance with, the laws of the State of
New York.

     

    (b) This
Amendment may be executed by one or more of the parties to this Amendment on any
number of separate counterparts, and all of said counterparts taken together
shall be deemed to constitute one and the same instrument.  This
Amendment may be delivered by facsimile transmission of the relevant signature
pages thereof.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered by their respective proper and duly authorized officers
as of the day and year first above written.

     

     

    
      
        	 	      
                BOSTON
      SCIENTIFIC CORPORATION

              	 
	 	 	 	 
	
                 

              	
                By:
      

              	 	 
	 	 	Name 	 
	 	 	Title 	 
	 	 	 	 

      

    

     

     

    
      
        	 	      
                BSC
      INTERNATIONAL HOLDING LIMITED

              	 
	 	 	 	 
	
                 

              	
                By:
      

              	 	 
	 	 	Name 	 
	 	 	Title 	 
	 	 	 	 

      

    

     

     

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

       

      
        
          	 	      
                  BANK
      OF AMERICA, N.A.

                	 
	 	      
                  as
      Administrative Agent and as a Lender 

                	 
	 	 	 	 
	
                   

                	
                  By:
      

                	 	 
	 	 	Name 	 
	 	 	Title 	 
	 	 	 	 

        

      

       

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

     

    
      
        	 	 	 
	 	as
      a Lender	 
	 	 	 	 
	
                 

              	
                By:
      

              	 	 
	 	 	Name 	 
	 	 	TitleExhibit 10.1 

AGREEMENT FOR PURCHASE
AND SALE OF BUSINESS 

        This
Agreement For Purchase And Sale Of Business (the “Agreement”) is entered into
this __ day of February, 2009, by Mach One Corporation, a Nevada corporation (the
“Buyer”), and Thomsen Group, LLC, a Wisconsin limited liability company (the
“Seller”). 

ARTICLE I. 

PURCHASE AND SALE 

         1.01.       
          In consideration of the mutual promises and conditions contained in this
          agreement, Seller agrees to sell to Buyer, and Buyer agrees to purchase from
          Seller, on the terms, conditions, warranties and representations set forth in
          this Agreement: 

         (a)       
          the business owned by Seller, being conducted under the name Modular Process
          Contractors, LLC, a Wisconsin limited liability company, located at 3505 Chatham
          Street, Racine, Wisconsin 53402 (the “Business”); 

         (b)       
          all of the stock in trade, inventory, and merchandise of the Business as
          described in Exhibit “A” attached to this agreement; 

         (c)       
          all of the fixtures, equipment, and other tangible assets of the Business as
          shown on attached Exhibit “B”; 

         (d)       
          any leasehold interest owned by Seller under the lease for the premises where
          the Business is located; and 

         (e)       
          all the trade, business name, goodwill, and other tangible or intangible assets
          of the Business. 

ARTICLE II. 

AMOUNT OF PURCHASE PRICE 

         2.01.       
          The total purchase price to be paid by Buyer to Seller for all the properties,
          assets and rights of the Business described in this Agreement (“Purchase
          Price”) shall be (a) 500,000 shares of Series B Convertible Preferred Stock
          (the “Series B Preferred Stock”), convertible into two (2) shares of
          the Buyer’s common stock for each share of Series B Preferred Stock, plus
          (b) an earn-out as set forth in an Earn-Out Agreement of even date hereof and
          attached hereto as Exhibit C. 

         2.02.       
          The Purchase Price is allocated as follows: 

      $_____
Inventory

      $_____ Fixtures
& Equipment

      $_____
Goodwill, Tradename & Other Tangible Assets

      $_____ Leasehold
Improvements

      $_____
Noncompetition Provision

      Total: $_____.

ARTICLE III. 

PAYMENT OF PURCHASE
PRICE 

         3.01.       
          The total Purchase Price shall be paid at the closing by delivering a stock
          certificate(s) to the Seller representing the Series B Preferred Stock. 

ARTICLE IV. 

CLOSING 

         4.01.       
          The closing of the sale and purchase of the Business (“the Closing”)
          shall take place at the office of the Buyer, located at 6430 Congress Drive,
          West Bend, Wisconsin 53095, on or before February 28, 2009, or at such other
          place and date as the parties may agree to in writing. 

         4.02.       
          At the closing the Seller shall: 

         (a)       
          deliver clear and marketable title and ownership to Buyer of all assets subject
          to this Agreement; 

         (b)       
          execute the Bill of Sale attached as Exhibit “D” to this agreement; 

         (c)       
          execute the Assignment of Assumed Name Certificate attached as Exhibit
          “E” to this agreement; and 

         (d)       
          execute any other documents necessary to finalize this Agreement. 

         4.03.       
          At the Closing the Buyer shall: 

         (a)       
          deliver the Series b Preferred Stock certificate(s)to Seller; and 

         (b)       
          execute any other documents necessary to finalize this Agreement. 

ARTICLE V. 

REPRESENTATIONS,
WARRANTIES, COVENANTS AND AGREEMENTS BY SELLER 

         5.01.       
          Seller agrees and warrants and represents to Buyer that: 

         (a)       
          the financial records for the Business, previously inspected by Buyer, contain a
          full and complete record and account of the financial affairs of this Business
          and truthfully set forth all liabilities, assets and other matters pertaining to
          the fiscal or financial condition of this Business through the date of
          inspection and furthermore, that there have been no material changes in the
          financial condition of this Business since that time except for transactions
          normal to this Business; 

         (b)       
          Seller is the lawful owner of this Business and has good right and due
          authorization to sell it. At the time of signing this Agreement, Seller neither
          knows nor has reason to know of the existence of any outstanding claim or title,
          or interest, or lien in, to, or on this Business except as shown on the
          financial records of this Business inspected by Buyer; 

         (c)       
          all fixtures and equipment sold pursuant to this Agreement are free and clear of
          any lien (including UCC financing statements) and/or debt unless otherwise set
          forth in a written statement from Seller to Buyer; 

         (d)       
          Seller owes no obligations and has contracted no liabilities affecting this
          Business or which might affect the consummation of the purchase and sale
          described in this Agreement that are not shown on the financial records
          inspected by Buyer and that have not been expressly disclosed to Buyer; 

         (e)       
          there are no taxes due and owing on account of Seller’s operation of the
          Business for unemployment compensation, withholding tax, social security tax,
          sales tax, personal property tax, franchise tax, income tax, and other taxes of
          any nature; 

         (f)       
          any accounts payable due and owing as of the Closing shall remain the
          responsibility of Seller and shall be paid promptly as they become due and
          payable; 

         (g)       
          no litigation, actions or proceedings, legal, equitable, administrative, through
          arbitration or otherwise, including but not limited to lawsuits, claims or
          disputes with employees, customers and vendors, etc., are pending or threatened
          that might affect this Business, the assets being purchased, or the consummation
          of the purchase and sale described in this Agreement; 

         (h)       
          Seller agrees to indemnify and hold Buyer harmless from any and all claims,
          causes of actions, damages, or debts, including legal fees, resulting from any
          actions, occurrences or events occurring prior to the Closing; 

         (i)       
          all mechanical equipment sold pursuant to this Agreement is in good working
          condition. 

ARTICLE VI. 

REPRESENTATIONS,
WARRANTIES AND AGREEMENTS BY BUYER 

         6.01.       
          Buyer agrees and warrants and represents to Seller that Buyer will duly notify
          all authorities, suppliers, creditors, and/or other entities that Buyer is to be
          responsible for all liabilities associated with the operation of the Business,
          including without limitation withholding taxes, social security taxes,
          unemployment contributions, salaries, and purchases incurred after the Closing,
          and Buyer specifically agrees to assume such liabilities as of the Closing. 

    6.02       
Buyer represents and warrants that all of the Series B Preferred Stock to be issued to
Seller to this Agreement, when issued and delivered as provided herein, will be duly
authorized, validly issued, and will be free and clear of all liens, charges, claims,
pledges, restrictions and encumbrances whatsoever of any kind or nature, except those
restrictions imposed by State or Federal corporate and securities regulations. 

ARTICLE VII. 

COMPLIANCE WITH BULK
SALES LAW 

         7.01.       
          At the Closing, Seller will deliver to Buyer a sworn list of all existing
          creditors of the Business. 

         7.02.       
          By reason of this list Seller and Buyer agree that notice to creditors under the
          Bulk Sales law of the state of Wisconsin will not be required and need not be
          given except in respect to any creditors named on this list. 

         7.03.       
          Any such debt, unless otherwise provided for in this Agreement, is to be paid
          solely by Seller, and Seller does indemnify and hold Buyer harmless from any and
          all loss, expense, damage or liability, including counsel fees, that Buyer may
          incur or become subject to by reason of noncompliance with the Bulk Sales law. 

ARTICLE VIII. 

TRADE NAME, TELEPHONE
NUMBER AND POST OFFICE BOX 

         8.01.       
          Seller assigns to Buyer the exclusive right to use the trade or business name
          and Seller agrees not to use, or authorize others to use, this name or a similar
          name in the State of Wisconsin. 

         8.02.       
          Seller agrees to allow Buyer to assume the Business telephone number, current
          advertising arrangements, including “Yellow Pages Advertising,” and
          the Post Office Box, if any, currently used by the Business for a mailing
          address. 

ARTICLE IX. 

DELIVERY OF BOOKS AND
RECORDS 

         9.01.       
          All books, records, files, documents and papers, including customer lists and
          all records of the accounts of customers used in the operation of or relating to
          the Business shall be transferred and delivered to Buyer at the Closing. 

         9.02.       
          All of these books, records, files, documents and papers shall be available to
          Seller at any reasonable time for any proper purpose, and Seller has the right
          to freely examine and to copy all such materials prior to closing. 

ARTICLE X. 

NONASSUMPTION OF
LIABILITIES 

         10.01.       
          Unless otherwise expressly provided for in this agreement, the liabilities and
          obligations incurred by Seller prior to the Closing are not assumed by Buyer but
          continue as liabilities and obligations of Seller and shall be solely paid by
          Seller except as listed in “List of Existing Creditors” attached
          hereto as Exhibit E. 

         10.02.       
          In the event Buyer is required to pay after the Closing any valid lien, debt, or
          expense incurred by Seller prior to the Closing Date, Buyer shall have the right
          to offset any such lien, debt, or expense actually paid by Buyer, which is the
          valid and legal obligation of the Seller, against any payment owed to Seller by
          Buyer. 

ARTICLE XI. 

INDEMNIFICATION OF
SELLER 

         11.01.       
          Buyer will indemnify and hold Seller and the property of Seller free and
          harmless from any and all claims, losses, damages, injuries and liabilities
          arising from or in connection with the operation of the Business after the
          Closing. 

ARTICLE XII. 

PRORATIONS 

         12.01.       
          There shall be prorated between Seller and Buyer on the basis of 30 days per
          month as of 12:01 a.m. Central Standard Time on the date of the Closing all
          property taxes, rent, insurance premiums, and utility bills, etc. 

ARTICLE XIII. 

DEFAULT 

         13.01.       
          After execution of this Agreement by the parties, default shall consist in the
          failure of either party to perform its respective obligations and duties and/or
          a breach of a warranty or covenant in this agreement. 

         13.02.       
          In the event of default of either party, Seller or Buyer shall have the right to
          sue for specific performance and/or sue for damages in addition to any other
          relief provided in this Agreement or attached Exhibits. In a suit for default,
          reasonable attorney fees shall be recoverable by the prevailing party. 

ARTICLE XIV. 

COSTS AND EXPENSES 

         14.01.       
          All costs and expenses incurred in finalizing the purchase and sale described in
          this Agreement in the manner prescribed by this Agreement shall be paid by Buyer
          and Seller in the following manner: 

         (a)       
          Buyer and Seller agree to jointly retain an attorney to prepare the Closing
          documents and be equally responsible for the attorney fees and expenses incurred
          in preparation of these documents. This sum shall be due and payable at Closing.
          Should either party retain an additional attorney to review the documents
          necessary for the transfer of the Business, the attorney fees so incurred shall
          be the responsibility of the party retaining the attorney. 

         (b)       
          Any other Closing costs and expenses shall be paid at the Closing by the
          parties, Buyer and Seller, in equal proportions. 

ARTICLE XV. 

RESTRICTIVE COVENANTS 

         15.01.       
          The Seller expressly agrees that for a period of three (3) years following the
          execution of this Agreement, neither it or it’s members will , directly or
          indirectly, as an employee, agent, proprietor, partner, stockholder, officer,
          director, or otherwise, render any services to, or on their own behalf engage in
          or own a part or all of any business which is the same as, similar to, or
          competitive with the Business, with the exception of the traditional ongoing
          business activities of the Seller, which is being sold to Buyer without the
          prior written consent of the Buyer. 

         15.02.       
          The Seller shall not for a period of one (1) year immediately following the
          execution of this Agreement, regardless of any reasons or cause, either directly
          or indirectly: 

         (a)       
          make known to any person, firm or corporation the names and addresses of any of
          the customers of the Modular Process Contractors, LLC or Buyer or any other
          information pertaining to them; or 

         (b)       
          call on, solicit, or take away, or attempt to call on, solicit, or take away any
          of the customers of the Seller on whom the Seller called or with whom it or its
          members became acquainted during ownership of this Business either for Seller or
          for any other person, firm or corporation; or 

         (c)       
          call on, solicit, hire, or take away, or attempt to call on, solicit, hire, or
          take away any of the employees of Seller. 

         15.03.       
          Should Seller violate any paragraph of this Article XV., any remaining amounts
          now due, or which shall become due, from Buyer to Seller shall be considered
          paid in full. 

ARTICLE XVI. 

GENERAL AND
ADMINISTRATIVE PROVISIONS 

         16.01.       
          Parties Bound. This Agreement shall be binding upon and inure to the benefit of
          the Parties to this Agreement and their respective heirs, executors,
          administrators, legal representatives, successors and assigns. 

         16.02.       
          Assignment. The Seller shall have no right to transfer or assign its interest in
          this Agreement without the prior written consent of the Buyer. 

         16.03.       
          Corporate Authority. If any party to this Agreement is a legal entity
          (partnership, corporation and/or trust), such party represents to the other that
          this Agreement, the transaction contemplated in this Agreement, and the
          execution and delivery hereof, have been duly authorized by all necessary
          partnership, corporate or trust proceedings and actions, including without
          limitation the action on the part of the directors, if the party is a
          corporation. Certified copies of such corporate or other resolutions authorizing
          this transaction shall upon request be delivered at the Closing. 

         16.04.       
          Use of Pronouns. The use of the neuter singular pronoun to refer to the Parties
          described in this Agreement shall be deemed a proper reference even though the
          Parties may be an individual, a partnership, a corporation, or group of two or
          more individuals, partnerships or corporations. The necessary grammatical
          changes required to make the provisions of this Agreement apply in the plural
          sense where there is more then one party to this Agreement, and to either
          corporations, partnerships or individuals, males or females, shall in all
          instances be assumed as though in each case fully expressed. 

         16.05.       
          Governing Law. This Agreement shall be subject to and governed by the laws of
          the State of Wisconsin. Any and all obligations or payments are due and payable
          in the City of Racine, Wisconsin. 

         16.06.       
          Severability. If any provision of this Agreement should, for any reason, be held
          violative of any applicable law, and so much of this Agreement be held
          unenforceable, then the invalidity of such a specific provision in this
          Agreement shall not be held to invalidate any other provisions in this
          Agreement, which other provisions shall remain in full force and effect unless
          removal of the invalid provisions destroys the legitimate purposes of this
          Agreement, in which event this Agreement shall be canceled. 

         16.07.       
          Entire Agreement. This Agreement represents the entire understanding of the
          Parties hereto. There are no oral agreements, understandings, or representations
          made by any party to this Agreement that are outside of this Agreement and are
          not expressly stated in it. 

         16.08.       
          Notices. All notices or other communications required or permitted to be given
          pursuant to this Agreement shall be in writing and shall be considered as
          properly given if mailed from within the United States by first class mail,
          postage prepaid, and addressed as follows: 

      To
Seller:
Thomsen Group, LLC
3505 Chatham Street

      Racine,
WI 53402

      To
Buyer:
Mach One Corporation
6430 Congress Drive
West Bend, WI 53095

        A
party may change the address for notice by giving of such change to the other party in
writing. 

        IN
WITNESS WHEREOF, the parties have caused this Agreement For Purchase And Sale Of
Business to be duly executed as of the day and year first above written. 

SELLER: THOMPSEN GROUP, LLC 

BY: __________________________

            Tad Ballantyne, President 

BUYER: MACH ONE CORPORATION 

BY: __________________________
 
             Monte B. Tobin, CEO

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