EXHIBIT 10.32
EUROPEAN BUSINESS ASSOCIATES XXXX
XXXXXXXXXXXXXX 00
X-0000 XXXX, XXXXXXX
September 15, 1995
MicroFrame, Inc.
00 Xxxxxxxx Xxxx
Xxxxxx, Xxx Xxxxxx 00000
Attn: Xx. Xxxxxx X. Xxxxxxx, President
Dear Xx. Xxxxxxx:
We hereby notify MicroFrame, Inc. (the "Company") that
the Exclusive Sales Representative Agreement (the "Agreement")
between the Company and European Business Associates dated
November 16, 1993 is hereby terminated, effective as of the day
hereof. Notwithstanding such termination, all of the terms and
conditions of paragraph 14 of the Agreement shall remain in full
force and effect.
We further waive all of our rights under the Agreement,
including, but not limited to, the 180 day notice provision which
further provides that the effective date of termination shall be
the ninetieth day after receipt of notice, as well as any and all
commissions we may be entitled to after the date hereof.
Very truly yours,
EUROPEAN BUSINESS ASSOCIATES BVBA
By:/s/ Marc Kegelaers
Marc Kegelaers, President
ACCEPTED AND AGREED TO:
MICROFRAME, INC.
By: /s/ Xxxxxx X. Xxxxxxx
Xxxxxx X. Xxxxxxx, President
