Exhibit 10.23
AVIATION HOLDINGS INT'L.
APRIL 1, 1999
SALES REPRESENTATION AGREEMENT BETWEEN
AVIATION HOLDINGS INTERNATIONAL, INC. (AHI)
00000 X.X. 00xx XXXXXX
XXXXX, XXXXXXX 00000
AND
AAS LANDING GEAR SERVICES, INC.
0000 X. X. 00 XXXXXX
XXXXX, XXXXXXX 00000
ARTICLE I
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TERM
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Term of initial agreement will be two (2) years, beginning April 1,
1999 and expiring March 31, 2001. 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 territories of this sales agreement covers all of Taiwan, China and
Thailand. This agreement will be considered mutually exclusive to both
parties.
ARTICLE III
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RESPONSIBILITIES
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AAS Landing Gear Services 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, AAS
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Landing Gear Services will provide AHI status reports on all open jobs
and will quote each customer prior to conducting any repair work.
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 AAS Landing Gear
Services and AHI will be forwarded to the attention of Xxx Xxxxxx,
President, (AAS Landing Gear Services) 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 AAS Landing
Gear Services 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 AAS Landing Gear
Services, 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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AAS LANDING GEAR SERVICES 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 AAS Landing Gear Services.
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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. AAS LANDING GEAR
SERVICES, INC.
Xxxxx Xxxxxx Xxx Xxxxxx
------------ ----------
Vice President President
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Signature Signature
/s/ Xxxxx Xxxxxx /s/ Xxx Xxxxxx
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Date: 4/14/99 Date: 4/15/99
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