SETTLEMENT AGREEMENT AND RELEASESettlement Agreement and Release • February 21st, 2007 • Ecotality, Inc. • Chemicals & allied products • Arizona
This Settlement Agreement and Release (the “Agreement”) is made and entered into as of this 15th day of February 2007 (the “Effective Date”) by and between Ecotality, Inc., a Nevada corporation formerly known as Alchemy Enterprises, Ltd. (“Ecotality”), Howard A. Foote, an individual and resident of California (“Foote”), Elliott Winfield, an individual and resident of California (“Winfield”), and Universal Power Vehicles Corporation, a Nevada corporation (“UPV”) (collectively, the “Parties”).
ESCROW AGREEMENTEscrow Agreement • February 21st, 2007 • Ecotality, Inc. • Chemicals & allied products • Arizona
THIS AGREEMENT made and entered into this 15th day of February, 2007 (the “Effective Date”) by and between Harold Sciotto, an individual (the “Owner”); Howard Foote and Elliott Winfield, individuals (the “Recipients”); and William F. Doran, Esq., whose address is 1717 E. Bell Road, Suite 1, Phoenix, Arizona 85022 (the “Escrow Agent”).
