Distribution Agreement between Beacon Power Corporation and TLER Associates for Flywheel Energy Storage Systems in Mexico

Contract Categories: Business Operations › Distribution Agreements
Summary

Beacon Power Corporation grants TLER Associates the exclusive right to distribute and sell its flywheel energy storage systems in Mexico for five years, with possible renewal by mutual agreement. TLER must meet annual performance objectives to retain this right. If TLER fails to meet these objectives, Beacon may provide written notice and allow 90 days for compliance before canceling the agreement. The contract outlines the parties' roles, performance requirements, and termination process.

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EX-10.1(21) 22 ex-10_121.txt EXHIBIT 10.1.21 Exhibit 10.1.21 BEACON POWER CORPORATION WOBURN INDUSTRIAL PARK 6D GILL STREET WOBURN, MA 01801 January 6, 2000 Dr. Ricardo Farnes TLER Associates Dear Dr. Farnes, Beacon Power Corporation (Beacon) is pleased to grant TLER Associates (TLER) the right to distribute and sell Beacon's flywheel energy storage systems within Mexico. Subject to the meeting of agreed upon performance objectives, TLER will retain this right for a period of five years, which can be renewed by the joint agreement of TLER and Beacon. Beacon can cancel this right if TLER does not meet agreed upon performance objectives set annually. Beacon will provide TLER a written notice of its intent to cancel and will give TLER 90 days to meet its performance objectives. If TLER has not met its performance objectives within 90 days of notice, Beacon can at its sole option cancel TLER's right to distribute and sell Beacon flywheel energy storage systems. Sincerely, /s/ William Stanton William Stanton President and CEO cc: Maureen Lister John Doherty