<p>EXHIBIT 3 (iv)
EXCLUSIVE DISTRIBUTOR AGREEMENT
Agreement made effective as of the 12th day of June, 1996, between TURBODYNE SYSTEMS, INC.
hereinafter called "TURBODYNE", whose principal place of business is located at 6155 Carpinteria Avenue,
CARPINTERIA, CALIFORNIA, 93013, USA and GRANATELLI PERFORMANCE TECHNOLOGIES,
INC. hereinafter called "GRANATELLI", a Corporation with principle offices located at 1270 Avenida A Caso,
Unit G, Camarillo, California 93012, USA.
WHEREAS, GRANATELLI has expressed a desire to engage in the distribution of TURBODYNE's
"Turbopac" for the automotive and motorcycle aftermarket in designated territories and,
WHEREAS, TURBODYNE has agreed to appoint GRANATELLI to act as such, but only on the terms and
conditions set forth in this Agreement; and
WHEREAS, the parties recognize that the relationship between them can be enduring and successful only if both
parties conduct themselves in accordance with the following declaration of purpose and principle:
a) It is essential that the integrity of the Trademarks under which "Turbopac" products are sold and serviced be
upheld by GRANATELLI and that GRANATELLI not engage in any act or practice which might tarnish or
impair the reputation of TURBODYNE.
b) The parties affirm that the relationship between them must be courteous, cooperative and amicable at all times
and in every respect, and that this relationship will provide the means for the sale and service of TURBODYNE
products in a manner that will best serve the interests of the consumer as well as those of GRANATELLI and
NOW, THEREFORE, in consideration of the agreements herein contained, TURBODYNE and GRANATELLI
agree as follows:
TURBODYNE appoints GRANATELLI as an authorized TURBODYNE "Turbopac" distrubutor and
GRANATELLI accepts this appointment.
GRANATELLI will promptly report to TURBODYNE any change in its corporate structure, name or trading
style and any change in its articles of incorporation, by-laws or similar documents which could a