Development Contracts. SatCon covenants and agrees that it shall --------------------- offer to the Company the opportunity to be retained as a contractor for any development contracts existing on the date hereof held by SatCon or its affiliates that are related to stationary terrestrial (in or on the ground or affixed to structures on the ground) applications of flywheel technology, upon terms and conditions that are mutually agreed upon by SatCon and the Company, acting in good faith. SatCon further covenants and agrees that neither it nor any of its affiliates shall, at any time or from time to time, compete with the Company, directly or indirectly, for new development contracts that are related specifically to stationary terrestrial applications of flywheel technology.
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Sources: Securities Purchase Agreement (Satcon Technology Corp)
Development Contracts. SatCon covenants and agrees that it shall --------------------- offer to the Company the opportunity to be retained as a contractor for any development contracts existing on the date hereof held by SatCon or its affiliates that are related to stationary terrestrial (in or on the ground or affixed to structures on the ground) applications of flywheel technology, upon terms and conditions that are mutually agreed upon by SatCon and the Company, acting in good faith. SatCon further covenants and agrees that neither it nor any of its affiliates shall, at any time or from time to time, compete with the Company, directly or indirectly, for new development contracts that are related specifically to stationary terrestrial applications of flywheel technology.
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