1
[OKI -- People to People Technology Letterhead]
Exhibit 10.24
August 23, 1999
Mr. Bart Shuldman
Ithaca Peripherals, Inc.
7 Laser Lane
Wallingford, CT 06492
RE: OEM Agreement
Dear Bart:
The purpose of this letter is to renew our OEM Agreement for pricing term
which will begin August 28, 1999 and expire May 8, 2001 with deliveries to be
completed by November 8, 2001. This term will be coincident with the Strategic
Agreement term which began May 9, 1996 as per our prior Agreement.
There will be no changes to Exhibit A (pricing) for this renewal period, a copy
of which is attached for your reference.
If you agree to this renewal addendum, please indicate your acceptance by
signing both originals in the space provided. Retain one duplicate original for
your records and return the other to my attention.
Thank you for your continued cooperation.
Sincerely,
/s/ David Vaughn
David L. Vaughn
Manager, Legal Affairs Ithaca Peripherals Incorporated
/s/ Bart C. Shuldman
-------------------------
(Signature)
Bart C. Shuldman
-------------------------
(Name)
August 26, 1999
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c: T. Donahue (Date)
E. Morris
J. Rowley
D. Lindsey
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EXHIBIT A
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Okidata Product Okidata Part Minimum Order Ithaca Cost
Number Quantity Per Unit
- --------------------------------------------------------------------------
172P 1 Kit 58221401 ** **
- --------------------------------------------------------------------------
172P 2 Kit 58221402 ** **
- --------------------------------------------------------------------------
172S 1 Kit 58221501 ** **
- --------------------------------------------------------------------------
184T P1 Kit 58236101 ** **
- --------------------------------------------------------------------------
M90 Kit 58238101 ** **
- --------------------------------------------------------------------------
M90 Kit (Meat Comp)* 59238101 ** **
- --------------------------------------------------------------------------
M150P Kit 40248402 ** **
- --------------------------------------------------------------------------
M150S Kit 40248401 ** **
- --------------------------------------------------------------------------
M170 Kit 40248403 ** **
- --------------------------------------------------------------------------
Carriage Shaft 51109111 ** **
- --------------------------------------------------------------------------
Purple Ribbon 52108701 ** **
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Black Ribbon 52109401 ** **
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* Requires proof of performance of sales to IPL for the UK postal program.
NOTE: All product listed in this pricing Exhibit "A" are not covered under
an Okidata warranty.
** Confidential treatment requested.