AGREEMENT, dated March 6, 2000, by and between COMMODORE ENVIRONMENTAL
SERVICES, INC., a Delaware corporation, the ("Company"), and XXXX TECHNOLOGY
TRUST ("BTT") an entity for which BENTLEY X. XXXX is the trustee,
W I T N E S S E T H:
WHEREAS the Company owns 100% of Commodore Environmental Services, LLC
and
WHEREAS Commodore Environmental Services, LLC owns 100 shares of
Common Stock (the "Common Stock") of Commodore Polymer Technologies, Inc.
("Polymer"); and
WHEREAS the Company desires to sell to BTT, 100 shares of Polymer for a
purchase price of $1,588,902.
NOW, THEREFORE, in consideration of the premises and the mutual agreements
hereinafter set forth, the parties agree as follows:
As of the date of hereof, the Company shall sell to BTT 100 shares of
Common Stock of Polymer for $1,588,902.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed as of the date first above written.
COMMODORE ENVIRONMENTAL
SERVICES, INC.
By: /s/Xxxxx Xxxxxx
-----------------------------
Xxxxx Xxxxxx - Vice President
XXXX TECHNOLOGY TRUST
By: /s/Bentley X. Xxxx
-----------------------------
Bentley X. Xxxx - Trustee