Home

Intelligence

Services

Subscriptions

News

About Us

Sign In

 

Document Preview

Transition Services Agreement

 

Click "Add to Cart" button to purchase document. 
Documents are emailed immediately after purchase. 
You can also browse documents by
title, category, or company... or click here for help finding documents.

 

Title:

Transition Services Agreement

Entities:

Quantum Fuel Systems Technologies Worldwide Inc.

Date:

2002

Size:

Preview shows 6KB of 40KB total

Price:

$48

ID:

#793563

 

 

► Services ► Transition Services Agreements
► Consumer ► Auto & Truck Parts

 

 

Start of Preview


                          TRANSITION SERVICES AGREEMENT


This Transition services agreement (the "Agreement"), is dated as of
_____________, 2002, by and between IMPCO Technologies, Inc., a Delaware
corporation ("IMPCO"), and Quantum Fuel Systems Technologies Worldwide, Inc., a
Delaware corporation ("Quantum").

Whereas, concurrently herewith, IMPCO and Quantum are entering into a
Contribution and Distribution Agreement (the "Distribution Agreement"), which
provides for, among other things, the contribution by IMPCO to Quantum of
certain assets relating to IMPCO's Automotive OEM Business (the "Business") in
consideration, among other things, of the issuance by Quantum to IMPCO of
[___________] shares of Quantum's common stock, par value $0.001 per share;

Whereas, the Board of Directors of IMPCO has determined that it is
appropriate, desirable and in the best interests of IMPCO and its businesses as
well as of the holders of IMPCO Common Stock, to distribute to the holders of
the IMPCO Common Stock all the outstanding shares of Quantum common stock, par
value $0.001 per share, as set forth in the Distribution Agreement;

Whereas, in order to facilitate an orderly transition of the Business under
the Distribution Agreement, the parties desire that IMPCO make available to
Quantum the Services (as defined below) on the terms set forth herein; and

Whereas, capitalized terms used herein and not otherwise defined shall have
the meanings given to such terms in the Distribution Agreement.

Now, Therefore, in consideration of the above premises and for other good
and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the parties, intending to be legally bound, agree as follows:

ARTICLE 1

Services

1.1 Services.

(a) Type of Services. Except as otherwise provided herein, for the
term determined pursuant to Section 1.2 hereof, IMPCO shall, as may reasonably
be requested by Quantum upon reasonable notice from time to time on and after
the Contribution Date (which shall be referred to herein as the "Effective
Date"), provide or cause to be provided to Quantum services in support of the
Business, consisting of those generically described services summarized on
Exhibit A attached hereto and set forth with specificity in Exhibit B (comprised
--------- ---------
of statements of work) attached hereto (the "Services"). Subject to the
limitations

{PAGE}

set forth in this Agreement, the Services shall be performed in the manner, to
the extent and at a time substantially consistent with the manner in which IMPCO
provided such Services to the Business prior to the Distribution Date.

(b) Services Performed by Others. IMPCO may, in its reasonable
discretion, cause any of the Services to be provided by any other person or
entity that is providing, has provided or may from time to time provide, the
same or similar services for IMPCO or are reasonably necessary for the efficient
performance of any of such Services. IMPCO will provide Quantum with twenty (20)
days' notice prior to any such transfer of the Services.

(c) Statements of Work. IMPCO and Quantum may agree to additional
Services pursuant to this Agreement by entering into additional statements of
work (the "Statements of Work") from time to time during the term of this
Agreement, each of which will, at a minimum, include the following:

(i) A reference to this Agreement, which reference will be
deemed to incorporate all applicable provisions of this Agreement;

(ii) The date as of which the applicable Statement of Work will
be effective and, if applicable, the term or period of time during which IMPCO
will provide the applicable services and resources to Quantum pursuant to that
Statement of Work;

(iii) A description of the Services to be provided by IMPCO to
Quantum pursuant to that Statement of Work, including, but not limited to, the
location at which the applicable Services are to be provided, and all
deliverables to be provided as part of the applicable Services pursuant to that
Statement of Work;

(iv) A designation of the individual who will have management
responsibility for IMPCO and Quantum, respectively, in connection with that
Statement of Work;

(v) The fees, costs and expenses, if any, payable by Quantum to
IMPCO for the Services to be provided pursuant to that Statement of Work; and

(vi) Any additional provisions applicable to the Services
provided under that Statement of Work that are not otherwise set forth in this
Agreement or that are exceptions to the provisions set forth in this Agreement.

A form of statement of work is attached hereto as Exhibit C. No Statement of
---------
Work will become effective until it has been executed by an authorized
representative of both IMPCO and Quantum.

 

End of Preview

 

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC