Exhibit 10.22
AVIATION HOLDINGS INT'L.
JANUARY 1. 1999
SALES REPRESENTATION AGREEMENT BETWEEN
AVIATION HOLDINGS INTERNATIONAL, INC. (AHI)
00000 X.X. 00xx Xxxxxx
XXXXX, XXXXXXX 00000
AND
AERO KOOL CORPORATION
0000 X. X. 00xx XXXXXX
XXXXXXX, XXXXXXX 00000
ARTICLE I
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TERM
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Term of initial agreement will be one (1) year, beginning January 1,
1999 and expiring December 31, 1999. This agreement will automatically
renew itself unless modified or terminated in accordance with
provisions in Article V of this agreement.
ARTICLE II
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TERRITORY
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The territory of this sales agreement covers all of Xxxxxxxx Xxxxx,
Xxxx Xxxx, Xxxxxx, Xxxxx and Thailand. This agreement will be
considered mutually exclusive to both parties.
ARTICLE III
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RESPONSIBILITIES
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AERO KOOL will provide AHI, upon request, capability listing's
including pricing/quotations, airworthiness certificates, drug and
alcohol compliance certificates, and any other facility information,
which may be used as a sales tool. Upon request, Aero Kool will provide
AM status reports on all open jobs and will quote each customer prior
to conducting any repair work.
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AHI will be asked to provide status reports on a monthly basis
providing information on current status for all accounts solicited
which fall under the territory of this agreement.
All correspondence and monthly reports between AERO KOOL and AHI will
be forwarded to the attention of Xxxxxxxx Xxxxxx, President, (AERO KOOL
CORPORATION) and Xxxxx Xxxxxx, Vice President. (AHI) by fax, and/or
Email as main contract.
AHI will be responsible for working as liaison on behalf of AERO KOOL
for all customers, which fall under this agreement. AHI will be
responsible for its sales agents and employees from and against any and
all claims, cost, and liabilities, whether in contract or in tort,
arising, or in any way connected with injury to or death of personnel
or loss of use or damage to any property of AERO KOOL which may result
or arise in any matter to, of or in relation to the services provided
under this agreement.
AHI will assist in recovery of payment on all accounts as billed in the
territory of this agreement.
ARTICLE IV
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COMMISSIONS
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A standard commission of fifteen percent (13%) will be paid on all paid
invoices, excluding freight charges and hazardous material handling
fee, for all sales up to $250,000. A seventeen percent (15%) commission
will be paid on all sales exceeding $250,000. A twenty percent (17%)
commission will be paid on all sales exceeding $500,000. This
commission schedule is based on annualized sales during the term of
this agreement. Commissions will be paid on overhaul, repair, parts
sales and outright sales of overhauled units including exchange sales.
ARTICLE V
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TERMINATION
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AERO KOOL and AHI have reserved the right, upon 30 days written notice,
to terminate this agreement without penalty to either party. All
commissions accrued from units received in house up to date of
termination will be paid by AERO KOOL.
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ARTICLE VI
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CONDITIONS OF AGREEMENT
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AHI must use its best efforts to solicit component repairs from above
mentioned territory listed in this agreement. A forecast is to be
provided by AM for review no later that April 30, 1999 in order to
estimate sales/volume growth budgeting for a 12-month period.
ACCEPTED AND AGREED:
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AVIATION HOLDINGS INT'L. INC. AERO KOOL CORPORATION
Xxxxxx X. Xxxxxx Xxxxxxxx Xxxxxx
---------------- ---------------
President & C.E.O. President
------------------ ---------
Signature Signature
Xxxxxx X. Xxxxxx Xxxxxxxx Xxxxxx
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Date:___________________ Date:_________________
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