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EXHIBIT 10.19
July 10, 1996
Xx. Xxxx Xxxxxxxx
InfoMed
0000 XX 00xx Xxxxxx
Xxxxxxx Xxxxx, XX 00000
SENT VIA FAX
Dear Xxxx:
This letter outlines the terms and conditions of InfoMed's renewal of
System Maintenance for the MSM products as you and I have previously discussed.
This will become a part of the standard Micronetics VAR Agreement. To the extent
this document modifies anything contained in the standard Micronetics VAR
Agreement, is limited exclusively to the fees paid for Systems Maintenance on
MSM-UNIX licenses purchased by InfoMed for its use.
1. Beginning July 1, 1996 through June 30, 1997 InfoMed will pay a fixed
fee of $10,500.00 per month for MSM-UNIX Systems Maintenance; regardless of the
number of MSM-UNIX licenses purchased from Micronetics for InfoMed's use.
2. InfoMed will pay Micronetics $2,424.00 for Systems Maintenance on
MSM-UNIX licenses purchased from Micronetics between January 1, 1996 through
June 30, 1996.
3. Systems Maintenance fees for all other MSM products purchased by InfoMed
will follow the standard Micronetics Systems Maintenance schedule as outlined in
the current Micronetics VAR Agreement.
4. 30 days prior to June 30, 1997 Micronetics and InfoMed must have in
place an agreement that perpetuates the MSM-UNIX Systems Maintenance beyond June
30, 1997 permitting uninterrupted service to InfoMed. In the absence of an
agreement, then the standard terms and conditions of the Micronetics VAR
Agreement will take precedence. At such time it will automatically become in
effect to produce the appropriate fees to be paid to Micronetics for Systems
Maintenance on all MSM product licenses currently in inventory with InfoMed.
5. The fixed fee of $10,500.00 is to be paid monthly and is due at
Micronetics by the beginning of each month. July's fixed fee payment together
with $2,424.00 equals a total due of $12,924.00 to be paid upon confirmation of
this agreement. Xxxx InfoMed will need to authorize a current standard VAR
Agreement. Where do you want me to send it? My phone number is 000-000-0000 xxx.
529.
Sincerely,
/s/ XXXXX X. XXXXXXX
--------------------------------------
Xxxxx X. Xxxxxxx
Manager, US Channel Marketing
cc: File
