AGREEMENT BETWEEN
T/F SYSTEMS, INC.
AND T/F PURIFINER, INC.
DATED MARCH 1, 1991
(WITH EXHIBITS)
AGREEMENT
This Agreement is effective the first day of March, 1991, and is by and between T/F Systems, Inc., a corporation
of Delaware, having an office and place of business at 14402 Cypress Island Court, Palm Beach Gardens,
Florida 33410 (hereinafter "TFS"), and T/F Purifiner, Inc., a corporation of Delaware, having an office and place
of business at 14402 Cypress Island Court, Palm Beach Gardens, Florida 33410 (hereinafter "TFP").
On July 30, 1987, Willard H. Taylor and Richard C. Ford (hereinafter "TF") entered into a distribution and
manufacturing agreement (Exhibit A hereto) with Refineco Manufacturing Company, Inc., then a Florida
corporation with a principal place of business at 3553 Northwest 10th Avenue, Oakland Park, Florida 33309
(hereinafter "Refineco"), for electric refiners, filters and accessories primarily for engines in vehicles and vessels
(hereinafter "refiners") which are sold under the trademark PURIFINER, and also covered by patents.
Subsequently, that Agreement, pursuant to its terms, was assigned by TF, effective December 4, 1987, to TFS
(Exhibit B hereto). Further, worldwide manufacturing and marketing rights under the Agreement were provided
to TFS from Refineco by documents dated June 18, 1990 and December 10, 1988 (attached hereto as Exhibit
C). These Agreements related to electric refiners, filters and accessories primarily for engines in vehicles and
vessels (hereinafter "refiners") which are sold under the trademark PURIFINER, and also covered by patents.
Since TFS has worldwide manufacturing and marketing rights with respect to refiners sold under the trademark
PURIFINER;
Since TFS desires to protect its viability for profitability and not to expose its manufacturing rights to the refiners
to the uncertainty of marketing and other costs of worldwide distribution of the products with no assurance of
profitability;
Since TFS has manufacturing interest an