Exhibit 10.21
AVIATION HOLDINGS INT'L.
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JANUARY 1, 1999
SALES REPRESENTATION AGREEMENT BETWEEN
AVIATION HOLDINGS INTERNATIONAL, INC. (AHI)
00000 X.X. 00xx Xxxxxx
XXXXX, XXXXXXX 00000
AND
ACCESSORY TECHNOLOGIES CORPORATION (ATC)
000 XXXXXXX XXXXXX
XXXXXXXXXXX, XXX XXXX 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 . This agreement will be considered
mutually exclusive to both parties.
ARTICLE III
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RESPONSIBILITIES
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ATC 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, ATC will provide AHI 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 ATC and AHI will be
forwarded to the attention of Xxxxxxxx XxXxxxxxxx, President,
(Accessory Technologies Corporation) and Xxxxx Xxxxxx, Vice President
(AHI) by fax, and/or E-mail as main contract.
AHI will be responsible for working as liaison on behalf of ATC 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 ATC 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 (15%) 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 (17%) commission
will be paid on all sales exceeding $250,000. A twenty percent (20%)
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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ATC 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 ATC.
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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 AHI 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. ATC CORPORATION
Xxxxxx X. Xxxxxx Xxxxxxxx Xx Xxxxxxxx
President & C.E.O. President
Signature Signature
/s/ Xxxxxx X. Xxxxxx /s/ Xxxxxxxx Xx Xxxxxxxx
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Date: 3/9/99 Date: 3/9/99
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