FIELD TEST EXTENSION AGREEMENT
EXHIBIT 10.35
Following the decision made at the December 1, 1997, Field Test Partners'
Meeting, Deutsche Post AG("DP AG") and Electric Fuel Ltd., ("EFL") hereby agree
as follows:
1. The Field Test as initially defined in the contract between Deutsche
Bundespost POSTDIENST and EFL on October 21/27, 1994 (hereinafter referred
to as the "Contact") will be extended until and completed by May 31, 1998.
2. EFL agrees to maintain its Bremen regeneration plant activities and to
operate, together with DP AG drivers, three Mercedes-Benz Xxxx vans and
three Mercedes-Benz 410E vans per week. The exact number and types of cars
will be determined taking into account the expense celling authorized by DP
AG and the costs attributable to the project as evidenced in detailed cost
statements.
For these activities DP AG will pay an amount of no more than DM 2.500.000
net of value added taxes, if any.
The parties agree that following the goal to reach the highest possible
number of km in total as agreed upon in the Partners' Meeting of December
1, 1997, the Mercedes-Benz 410E vans involved shall run each 300 km per
week or the batteries have to supply an energy of greater than 130 kWh or
450 Ah per drive.
The Mercedes-Benz Xxxx vans shall reach a range of 250 km per week or the
batteries have to deliver an energy supply of greater than 85 kWh or 440 Ah
per drive.
The parties agree that one of these conditions has to be reached in order
to fulfill this agreement.
If none of these conditions can be reached because of technical problems
with the batteries or because of non-delivery of the number of batteries
necessary during two successive weeks, DP AG reserves to end the Field Test
at any date before May 31, 1998 with 4 weeks notice before the end of the
calendric month.
3. Payments shall be made in five installments at the end of each month.
Payments shall cover expenses evidenced for each month in detailed cost
statements.
4. Payments of DP AG will only be made in order to maintain the Field Test
within the scope as outlined in section 2 above until May 31, 1998,
following the principles of this Contract.
Cost of projects not attributable to the Filed Test will not be covered by
the payments of DP AG but rather be deducted from the total operational
costs shown in the detailed cost statements of EFL.
Bonn, 02.02 1998 Bonn, 02.02 1998
Deutsche Post AG Electric Fuel Ltd.
by: by:
___________________________ ____________________________
Wolfgang Buckatin X. Xxxxxx
DP AG Project Manager Vice President Sales Europe
