Letter of Intent
between:
Olympus
Optical Co. (Europe) GmbH
Xxxxxxxxxxxxx 00-00
X-00000 Xxxxxxx
(referred to hereafter as SYSTEM PARTNER)
and
IAT Deutschland GmbH
Xxxxxxxxxxxxx. 0
X-00000 Xxxxxx
(referred to hereafter as IAT)
including
IAT AG
Xxxxxxx. 00
XX-0000 Xxxxxxxxx-Xxxxx
1 Subject of Agreement
Subject of this Letter of Intent (LOI) is an agreement upon the installation of
a marketing and distribution partnership between SYSTEM PARTNER and IAT with the
purpose to place IAT products on the market segments of TeleMedicine and/or
TeleService. Both partners strive for conclusion of a detailed system
partnership contract within the next 4 (four) weeks.
2 Product Range
The following systems and products of IAT will be offered to the SYSTEM PARTNER
for marketing:
o Basic system TeleService
o High end system TeleService
o Basic system TeleMedicine
o High end system TeleMedicine
o Supplementary products for basic and high end systems
o Upgrade kits for TeleService and TeleMedicine systems
3 Mutual Activities
o Both partners strive for opening up the market for the systems and products
mentioned in para. 2, and will mutually set up a marketing and distribution
plan as a base for the martketing success.
o IAT will provide the required training of the SYSTEM PARTNER's marketing
and support staffers, and will also provide the required marketing
material.
o SYSTEM PARTNER will purchase the demo systems required for his particular
market segment at special conditions and will instant a 1st Line Support
Call Desk.
o IAT will grant SYSTEM PARTNER access to the 2nd Line Support Call Desk.
o SYSTEM PARTNER will be free as far as the prices for his customers are
concerned.
o IAT will support SYSTEM PARTNER with exetensive projects by providing
appropriate consult.
-2-
4 Publication
SYSTEM PARTNER agrees to inform IAT about this letter of intent in the next
edition of its customers' publication 'insight' if the SYSTEM PARTNER contract
has not been signed by both parties at the publication's next deadline.
5 Secrecy
No party is entitled to use, or to pass on to third parties, any company matters
or trade secrets, nor other confidential information or material, which has
become known during the duration of this agreement, without prior written
consent by the other party.
Signed in the name of Signed in the name of
IAT Deutschland GmbH Olympus Optical Co. (Europa) GmbH
Xxxxxxxxxxxxx. 0 Xxxxxxxxxxxxx 14-16
D-28359 Bremen X-00000 Xxxxxxx
Signature: /signed/ Signature: /signed/
------------------------ -------------------------
Name: ppa. Xxxxxx Xxxxxxxx Name: Xxxxx Xxxxxxxx
Function: Managing Director Function: General Manager
Date: 11/12/97 Date: 11/18/97
-3-
