Exhibit 10.14.2
Marine Acoustics, Inc. 000 Xxxxxxxxx Xxxxxx
Xxxxxxxxxx, XX 00000
401.847-7508
Fax: 000-000-0000
22 March 2004
LMIC, Inc.
0000 Xxxxxxxx Xxxxx Xx.
Xxxxxxxxxx, XX 00000
Attention: Xxx Xxxxx
Subject: Subcontract Agreement 04-LMIC Amendment#1
Dear Xx. Xxxxx:
As discussed, I have enclosed a copy of Amendment 1 to subcontract Agreement
SA04-LMIC. The subject Subcontract is hereby amended unilaterally as set forth
below to increase the production quantity ordered by 3000 units (5000 units
contract total), and to increase the Funding Limitation Amount by $1,000,000 to
$2,000,000. The estimated total cost for this project has been undated from
$1,701,280.00 to $4,253,200.
Amendments:
Replace Exhibit A dated December 23, 2003 in its entirety with the enclosed
Exhibit A dated March 22, 2004.
Replace Exhibit B dated December 23, 2003 in its entirety with the enclosed
Exhibit B dated March 22, 2004.
All other provisions of the Subcontract not expressly changed herein shall
remain in full force and effect.
If you have any questions or need any additional information, please call me at
000-000-0000, 000-000-0000 (Fax) or email at xxxxx@xxx.xxx.
/s/ Xxxxxxx X. Xxxxxxxxx
------------------------
Xxxxxxx X Xxxxxxxxx
Vice President
Enclosure
Cc: P2
File
EXHIBIT B TO SUBCONTRACT AGREEMENT 04-LMIC
dated
March 22, 2004
Between
MARINE ACOUSTICS, INC.
AND
LMIC, Inc
1. LEVEL OF EFFORT
In satisfaction of the work called for in Exhibit A above, the Supplier shall
provide the labor necessary to accomplish the Task set forth in Exhibit A as set
forth in Attachment 1 (LMIC cost proposal - Phraselator Model 2000 / CRO-494,
dated December 18, 2003)
2. INVOICING SCHEDULE
Supplier shall invoice MAI on a monthly basis for services rendered and units
produced in accordance with the terms of the PSA dated June 9, 2003.
3. ESTIMATED FEE AND PAYMENT
(A) Estimated initial non-cancellable, non-returnable materials $152,000.00
(B) Per Unit Estimated Cost (order quantity 500 0) $850.64 (see Note I below)
(C) Total Estimated Cost (5000 units) $4,253,200.00
(D) Limitations of MAI's Obligation
The amounts presently allotted to perform the tasks in this Subcontract are
shown below. The Supplier agrees to comply with the funding limitation(s) and
period(s) of obligation authority (POOA) below.
Task Funding Limitation Amount POOA Expiration Date XXX
---- ------------------------- -------------------- ---
1 $2,000,000.00 31 December 2004 TBD
Note 1: Per unit cost estimate for materials, licensing and labor will be
reassessed for accuracy at the 500 and 1000 unit production levels of the
current contract SA03-383-LMIC.
/s/ Xxxxxxx X. Xxxxxxxxx, III 3/26/04
------------------------- -------
Xxxxxxx X. Xxxxxxxxx, III Dated
Vice President
