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EXHIBIT 10.24
ADDENDUM FOR MANUFACTURING SPACE
This agreement entered into on 11/1/00, by and between Javid LLC, a corporation
chartered under the laws of the state of AZ, and having its principal offices
located at 0000 X. Xxxxx Xxx. [_____ ] AZ., herein referred to as SELLER, and
___________________________, a corporation chartered under the laws of the state
of ___________________ and having it's principal offices located at
_____________________ herein referred to as PURCHASER.
Whereas, Seller has contractual relationships with one or more Mexican
corporations organized under the General Corporation Law of Mexico qualified and
registered to do business under the maquiladora assembly or manufacturing
programs prescribed by the Law for the furnishing of manufacturing assembly
space (hereinafter referred to as "space"), and,
Whereas, Seller upon agreement, can furnish space at the following selected
location in Nogales, Sonora, Mexico, pursuant to it's aforementioned existing
established contractual relationships in accordance with the terms and
conditions set forth below; and,
Whereas, Purchaser is desirous of using the space offered by Seller.
Therefore, it is agreed as follows:
1. The Seller has entered into a lease agreement for manufacturing space
located at Calle San Xxxx Fraccionamiento Los Alamos in the city of
Nogales, Sonora, Mexico on the sole behalf of the Purchaser. This lease
agreement has been executed between Xxxxxxx Xxxxxx representing CAMEX xx
Xxxxxxx, X.X. de C.V.) and Sr. Xxxxxxx Xxxxxxx Gayou (representing
himself and Ruby Xxxxx Xxxxx Xxxxxxxxxx, Xxxxxxx Xxxxxxx Xxxxx
Xxxxxxxxxx). Purchaser assumes full responsibility for said lease terms
and conditions.
2. The space is 30,760 square feet in size and is being leased at a rate of
US$4.25 per square foot, per year for a total of US$130,730 per year,
payable in monthly installments on the first day of each month.
3. The term of the lease is for three (3) years and fifteen (15) days from
January 15, 2000 allowing for a prorated lease rate for the month of
January.
4. The building shall be fit for occupancy at 12:01 a.m. on January 15,
2000, per the terms and conditions of the lease agreement.
5. Purchaser is responsible for needed leasehold improvements to support
their manufacturing operation as detailed in Articles I and II of the
Contractual Guideline for Shelter Program Relationships.
6. Seller shall use its best effort to assist in the facilitation of the
manufacturing space to meet the Purchaser's requirements.
7. Purchaser shall indemnify and hold Seller harmless of any liabilities
associated with the terms and conditions of the lease contract that has
been executed on the Purchaser's behalf.
IN WITNESS WHEREOF the parties hereto have executed this addendum, or caused
this addendum to be executed, as of this day and year written below:
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PURCHASER: SELLER:
BY /s/ Xxxx X Xxxxxx BY /s/ Xxxxxxx Xxxxxx
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TITLE Chief Financial Officer TITLE President & CEO
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DATE January 11, 2000 DATE 11/1/00
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AGREEMENT START DATE Dec. 28, 1999
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