Development Contracts. The Company covenants and agrees that it shall offer to BPC to be retained as a contractor for any development contracts existing on the date hereof held by the Company which are related to terrestrial applications of flywheel technology, upon terms and conditions which are mutually agreed upon by the Company and BPC, acting in good faith. The Company further covenants and agrees that it shall not, at any time and from time to time, compete with BPC, directly or indirectly, for new development contracts which are related specifically to stationary terrestrial applications of flywheel technology.
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Development Contracts. The Company covenants and agrees that it --------------------- shall offer to BPC to be retained as a contractor for any development contracts existing on the date hereof held by the Company which are related to terrestrial applications of flywheel technology, upon terms and conditions which are mutually agreed upon by the Company and BPC, acting in good faith. The Company further covenants and agrees that it shall not, at any time and from time to time, compete with BPC, directly or indirectly, for new development contracts which are related specifically to stationary terrestrial applications of flywheel technology.
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Sources: Securities Purchase Agreement (Satcon Technology Corp)