Share Purchase and Employment Termination Agreement between Kontron Embedded Computers AG and Robert Szymborski

Contract Categories: Business Finance › Purchase Agreements
Summary

Kontron Embedded Computers AG agrees to purchase 782,916 shares of Fieldworks common stock from Robert Szymborski at $1.23 per share, with closing to occur within three business days. At closing, Szymborski will deliver the share certificates and transfer documents, and Kontron will pay the purchase price by wire transfer. Szymborski also agrees to terminate his employment with Fieldworks, and Fieldworks will terminate certain non-compete and termination payment provisions, with all other terms remaining in effect. No further compensation will be paid by Fieldworks.

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EX-10.3 4 0004.txt PURCHASE OF SHARES: KONTRON EMBEDDED COMPUTERS EXHIBIT 10.3 Kontron Embedded Computers AG August 15, 2000 Mr. Robert Szymborski 10629 Sherman Drive Eden Prairie, MN 55347 Dear Mr. Szymborski: This letter confirms our agreement to purchase and your agreement to sell 782,916 shares of common stock of Fieldworks at a purchase price of US$ 1.23 per share. The closing of the purchase of these shares will occur within three business days. At the closing you will deliver certificates for these shares and appropriate instruments of transfer, and Kontron Embedded Computers AG ("Kontron"), will deliver the purchase price by wire transfer to an account designated by you. This letter will also confirm your agreement to terminate your employment agreement with Fieldworks Incorporated ("Fieldworks"), and Fieldworks to terminate, Paragraph 2 of the Founders Non-Competition and Non-Solicitation Agreement with you and Fieldworks, which relate to the termination payments owed to you and the non-complete provisions binding on you. The remaining provisions of that agreement shall remain in effect. No other compensation or payments will be made by Fieldworks. If the foregoing terms and conditions are acceptable to you, please indicate so by signing this letter and returning it to the attention of Kontron. Kontron Embedded Computers /s/ Hannes Niederhauser ------------------------------ President /s/ Rudi Wieczorek ------------------------------ Chief Technical Officer Agreed to and accepted: /s/ Robert Szymborski -----------------------------