EXHIBIT 10.13
3M LIBRARY SYSTEMS DISTRIBUTION AGREEMENT
AMENDMENT I
This Amendment is made to that Agreement between Minnesota Mining and
Manufacturing Company acting through its Safety and Security Systems Division,
Library Systems Department, having its principal place of business at 3M Center,
Xx. Xxxx, Xxxxxxxxx 00000-0000 ("3M") and Sentry Technology Corporation,
formerly Knogo North America Inc., a corporation which has its principal office
at 000 Xxxxxxxx Xxxxxxxxx, Xxxx Xxxxxx, Xxx Xxxx ("KNOGO"), dated March 22, 1996
("the Agreement").
WHEREAS, on March 22, 1996, 3M and KNOGO entered into a 3M Library Systems
Distribution Agreement; and
WHEREAS, the parties desire to amend that Agreement;
NOW, THEREFORE, in consideration of the foregoing representations and of the
following mutual and reciprocal promises and agreements, the parties state and
agree to amend the Agreement as follows:
1. TERM. Paragraph 5.B. of the Agreement shall be amended to read as
follows:
"The Initial Term shall be six (6) years from the Effective Date.
Thereafter, this Agreement shall continue automatically for consecutive
one year terms ("Renewal Terms") until terminated. Either party may
terminate the Agreement only as provided below."
2. EFFECTIVE AMENDMENT. Except as expressly set forth herein, this Amendment
shall not by implication or otherwise limit, impair, constitute a waiver of, or
otherwise affect the rights and remedies of any of the parties hereto, under the
Agreement and shall not alter, modify, amend, or in any way affect any of the
terms, conditions, obligations, covenants or agreements contained in the
Agreement. This Amendment expressly does not extend the commitments set out in a
March 22, 1996, letter between the parties. This Amendment shall apply and be
effective only with respect to the provisions of the Agreement specifically
referred to herein.
3. COUNTERPARTS. This Amendment may be executed in one or more counterparts,
all of which shall be considered one and the same agreement, and shall become
effective when one or more of such counterparts have been signed by each of the
parties hereto and delivered to the other parties hereto.
4. DESCRIPTIVE HEADINGS. The descriptive headings in this amendment are for
reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement.
IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of
the date first above written.
ACCEPTED AND AGREED TO:
MINNESOTA MINING AND SENTRY TECHNOLOGY CORPORATION MANUFACTURING COMPANY
Safety and Security
Systems Division Library
Systems Department
By: /S/ Xxx X. Xxxxxx By: /S/ X. X. Xxxxxxxxx
Name: Xxx X. Xxxxxx Name: X. X. Xxxxxxxxx
Title: Department Manager Title: President
Date: December 21, 1998 Date: December 22, 1998