TERMINATION AGREEMENTTermination Agreement • February 21st, 2006 • McKenzie Bay International LTD • Electric services
THIS TERMINATION AGREEMENT (the “Agreement”) is made and entered into effective as of October 10, 2005, by and between MCKENZIE BAY INTERNATIONAL, LTD., a Delaware corporation (the “Company”), and CORNELL CAPITAL PARTNERS, LP, a Delaware limited partnership (the “Investor”).
DEFERRED COMPENSATION AGREEMENTDeferred Compensation Agreement • February 21st, 2006 • McKenzie Bay International LTD • Electric services • Michigan
This Agreement made effective as of October 1, 2005 by and between McKENZIE BAY INTERNATIONAL, LTD., a corporation duly organized and existing under the laws of the State of Delaware, with its principal place of business at 37899 Twelve Mile Road, Suite 300, Farmington Hills, Michigan 48331, hereinafter referred to as “MKBY”, and JOHN W. SAWARIN, of 143 Windsor Avenue, London, Ontario, Canada N6C 2A1, hereafter referred to as “Employee”.
