EXHIBIT 10.29
1997 SECOND AMENDMENT TO 1994 ADDENDUM TO
JOINT VENTURE RELATIONSHIP
BETWEEN
CALCOMP INC., NIPPON STEEL CORPORATION,
SUMITOMO CORPORATION AND NS CALCOMP CORP.
This 1997 Amendment to 1994 Addendum to the Joint Venture Relationship
(hereinafter "Addendum") is entered into and is effective as of September 10,
1997 by and between CalComp Inc., a California corporation (hereinafter
"CalComp"); CalComp Pacific, Inc., a Nevada corporation (hereinafter "CPI");
Nippon Steel Corporation, a Japanese corporation (hereinafter "NSC"); Sumitomo
Corporation, a Japanese corporation (hereinafter "SC") and NS CalComp
Corporation, a Japanese corporation (hereinafter "NSCC" or "JV"). All of the
above may be referred collectively as the "Parties", and NSC and SC may be
referred to collectively as the "Japanese Parties".
THE PARTIES AGREE AS FOLLOWS
1. In Section 11 (Renewal and Termination) of the 1994 Addendum, the first
sentence is revised as follows:
"In consideration for the changes, modifications, amendments and updates to
the Joint Venture relationship set forth in this Addendum, all Parties agree to
renew the terms of the Agreement until January 10, 1999, and thereafter the
Agreements will be renewable for one or more two (2) year periods (each period
together with the renewal term ending on January 10, 1999 shall be hereinafter
referred to as "Renewal Term"), subject to irrevocable written notice of
non-renewal being given by any party no less than one hundred twenty (120) days
and no more than one hundred eighty (180) days prior to the end of this or any
other Renewal Term."
2. A counterpart or counterparts of this signed Amendment with the original
signature(s) and/or facsimile specimens of the original signature(s) of each of
the parties shall be valid and binding.
IN WITNESS WHEREOF, this Xxxxxxxx has been duly executed by the Parties as of
the date and year first above written.
CALCOMP INC. CALCOMP PACIFIC, INC.
by: /s/ XXXX X. XXXXXXXXX by: /s/ XXXX X. XXXXXXXXX
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Xxxx X. Xxxxxxxxx Xxxx X. Xxxxxxxxx
President and CEO President and CEO
NIPPON STEEL CORPORATION SUMITOMO CORPORATION
by: /s/ XXXXXXX XXXXXX by: /s/ XXXXX XXXXXXX
---------------------------- --------------------------------
Xxxxxxx Xxxxxx Xxxxx Xxxxxxx
Director, Electronics & General Manager
Information Systems Division Electric Equipment and Systems
Dept.
NS CALCOMP CORP.
by: /s/ XXXXXXXXX XXXXXXXX
----------------------------
Xxxxxxxxx Xxxxxxxx, President
