PRICE VARIATION SIDE LETTER
This Side Letter is made as a DEED the day of July 2004
BETWEEN:
(1) TNCI UK Limited, Pacific House, Xxxxxxx Xxx, Xxxxxx Xxxxxxxx Xxxx, Xxxxx,
XX00 0XX; and
(2) LMIC Inc, 0000 Xxxxxxxx Xxxxx Xxxx, Xxxxxxxxxx, XX00000, XXX;
and reference to the parties shall be to the parties to this side letter.
PURPOSE:
The Purpose of this Side Letter is to vary and supplement the Agreement for the
Supply of Systems, Equipment and Services between (1) TNCI UK Limited And (2)
LMIC Inc dated 13 September 2003;
NOW IT IS AGREED as follows:
In consideration of the mutual covenants and conditions in this letter the
parties agree as follows:-
(1) Schedule 1 to Annexure 2: SUPPLY PAYMENT
Schedule 1 to Annexure 2 be deleted and replaced with the following:
1
SCHEDULE 1 TO ANNEXURE 2
SUPPLY PAYMENT
1. Initial Order
Prices for Systems or parts thereof ordered under the Initial Order
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SYSTEM COMPONENT PRICE
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Display Screens $1000.00 US dollars
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Master Controllers $3400.00 US dollars
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Station Servers $12000.00 dollars
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2. All other Orders
Prices for all Systems or parts thereof ordered under all orders other
than the Initial Order
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SYSTEM COMPONENT PRICE
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TMC $2496.27 US dollars
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STATION SERVER $3972.40 US dollars
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STATION WEC $317.05 US dollars
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TAD $113.94 US dollars
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TAS $ 50.62 US dollars
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TWEC $354.39 US dollars
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TAM $ 70.75 US dollars
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TAVR $380.51 US dollars
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TVU $ 935.05 US dollars
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2
(2) General
2.1 This Deed shall be governed by and shall be construed in accordance with
the laws of England and the parties hereby agree to submit to the
exclusive jurisdiction of the Courts of England.
2.2 This Deed may be executed in any number of counterparts each of which when
executed and delivered is an original but all the counterparts together
constitute the same document.
2.3 No person other than the parties to this Deed shall have the benefit of or
the rights to enforce any term of this Deed and the Contracts (Rights of
Third Parties) Xxx 0000 shall not apply. The parties agree and acknowledge
that the Contractor has no right to enforce any term of this Side Letter.
2.4 In this Deed words and expressions defined in the Agreement and not
otherwise defined in this Deed shall have the meanings given to them in
the Agreement.
2.5 A reference to a "paragraph" or "appendix" in this Deed shall mean a
reference to a paragraph or appendix of this Deed of Assignment unless
otherwise stated.
3
SIGNATURE PAGE
IN WITNESS of which the parties have executed this Deed on the date first above
written.
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EXECUTED AS A DEED BY: Sign here:
TNCI UK LIMITED
acting by /s/ Xxxxx Xxxxxx
Xxxxx Xxxxxx
Director
Director/Secretary /s/ Xxxxxxx X. Xxxxxxxx
Xxxxxxx X. Xxxxxxxx
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SIGNED AS A DEED on behalf of: Sign here:
LMIC INC, a corporation incorporated
in the United States of America by
Xxxx X. Xxxxxxx, President and CEO /s/ Xxxx X. Xxxxxxx
being a person who in accordance Xxxx X. Xxxxxxx
with the law of that territory is Prsident & CEO
acting under the authority of the
corporation
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