FIRST AMENDMENT TO THE MASTER DISTRIBUTION AGREEMENT BETWEEN SURGE COMPONENTS, INC. AND AVNET, INC.
Exhibit 10.19
FIRST AMENDMENT TO THE
BETWEEN
SURGE COMPONENTS, INC. AND AVNET, INC.
This First Amendment to the Master Distributor Agreement (the “First Amendment”) is made by and between Surge Components, Inc. (“Supplier”) and Avnet, Inc (“Distributor”)
WHERAS, the parties entered into the above Agreement effective February 7, 2011 (the “Agreement”).
NOW THEREFORE, the parties mutually agree to amend the Agreement as follows. All other terms not modified by this Amendment shall remain in full force and effect.
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1.
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Section 12 (Scrap Allowance). The parties agree that for the calculation of gross sales to Distributor as it applies to Distributor’s scrap allowance percentage, gross sales to BRK Brands, Inc. (“BRK”) shall not be included.
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2.
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Section 24 (Co-op Funds). The parties agree that for the calculation of net sales to Distributor as it applies to the determination of Co-op Funds for marketing and promotional activities, gross sales to BRK shall not be included.
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AGREED AND ACCEPTED:
| Surge Components, Inc. | Avnet, Inc. | ||||
| By: |
/s/ Xxx Xxxx
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By: |
/s/ Xxxxxx Xxxxxxxx
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| Name: |
Xxx Xxxx
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Name:
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Xxxxxx Xxxxxxxx | ||
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Title:
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President
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Title:
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President, Avnet EM, Global | ||
| Date: | 2/9/2011 | Date: | 2/17/2011 | ||
