VODAVI SINGLE LINE TELEPHONE AGREEMENT
Extension
This Agreement is made and entered into on this 4th day of April, 1997 by and
between LG Srithai Electronics Co., Ltd ( Formerly Srithai Goldstar Co. Ltd.), a
corporation of Thailand with its principle place of business at 00/00 Xxx 0
Xxxxxx-Xxxx Xx. Xx. 00 Xxxxxxx Xxxxxxxxxx Chachoengeao 00000 Xxxxxxxx ( Here
after referred to as LGEST or SGS) and, Vodavi Communications Systems, Inc., an
Arizona corporation, having its principle place of business at 0000 Xxxx
Xxxxxxxx Xx., Xxxxxxxxxx, Xxxxxxx 00000, XXX. (Here after referred to as Vodavi
or VCS).
RECITAL
WHEREAS, VCS AND LGEST entered into an agreement on the 4th day of April, 1994
for the purpose of supply for sale, Single Line and Analog Key System product
manufactured by LGEST, and the purchase and distribution of said product by VCS:
WHERAS, the agreement has reached its timed termination;
NOW THEREFORE, in consideration of the premises and the mutual covenants
contained in the Agreement, the parties desire to and here by do enter into an
extension of the Vodavi Single Line Agreement dated 4 April 1994 and Exhibits A
& B attached there to as part of that Agreement.
This Agreement shall commence on the date hereof and, unless sooner terminated
in accordance with the provisions of the 4 April Agreement, shall remain in full
force and effect for an initial period of twelve (12) months.
Upon expiration of the initial twelve (12) months term, this agreement shall be
automatically renewed for an additional twelve (12) month period, and shall
remain in full force and effect until amended or terminated by either party for
any reason by giving written notice not less than three (3) months prior to the
end of each twelve (12) month period.
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by
their duly authorized representatives as of the date first above written.
ON BEHALF OF ON BEHALF OF
LG SRITHAI ELECTRONICS CO.,LTD. VODAVI COMMUNICATIONS
SYSTEMS, INC.
BY: /s/ S.T. Hong BY: /s/ Xxxxx Xxxxxxxxx
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NAME: SOON TAE HONG NAME: XXXXX XXXXXXXXX
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TITLE: EXECUTIVE VICE PRESIDENT TITLE: PRESIDENT
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DATE: MAY 19, 1997 DATE: MAY 6, 1997
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