B+H/PHOTOMATRIX BUSINESS AGREEMENT
This document amends the current business agreement in place between Xxxx+Xxxxxx
and Photomatrix dated 12-29-1997. Modifications to the agreement are as follows:
1. PRICE PROTECTION
A. All existing Xxxx+Xxxxxx stock of the PS Series (5104, 5124, 5154) will be
price protected by Photomatrix for $1500 per unit (TOTAL PRICE PROTECTION
PAYMENT NOT TO EXCEED $30,000). Paymenet of the price protection to Xxxx+Xxxxxx
will be made as the units are sold from B+H inventory.
2. CONDITIONS
X. Xxxx+Xxxxxx will receive a 3 month moratorium (EFFECTIVE UNTIL 6-30-98) on
the purchase of additional scanners. After this moratorium (7-1-98), the channel
will be open for Xxxx+Xxxxxx and Photomatrix to sell to any account of their
choice.
B. Starting in July 98, Xxxx+Xxxxxx will purchase 3 each 9000 Series scanners
per month for a duration of 9 months (27 TOTAL). Release of orders by B+H to
Photomatrix will be documented by the 21st of each month.
XXXX+XXXXXX, IMPG Photomatrix Corporation
By:_____________________________ By:_____________________________________
Xxx Xxxx Dell Xxxxxx
Title: Product Marketing Manager Title: Vice President, Marketing & Sales
Date: June 30, 1998 Date: June 30, 1998
