Exhibit 10(l)
*= THE MATERIAL HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL
TREATMENT AND SUCH MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION.
[GATEWAY 2000, INC. LETTERHEAD]
May 14, 1998
Michael Chass
Boston Acoustics
300 Jubilee Dr.
Peabody, MA 01960
This Letter of Agreement ("LOA") will confirm the understanding and intent of
Boston Acoustics and Gateway 2000, Inc., and it's subsidiaries and affiliates
("Gateway"), to enter into an Agreement for the provision of services and
products by Boston Acoustics to Gateway worldwide. The agreement will be
established under terms and conditions set forth in the signed definitive
written agreement dated March 17, 1997. This LOA supersedes the previous LOA
in regards to the BA 635 product dated December 22nd, 1997.
If Boston Acoustics makes a change to BA 635, Gateway reserves the right to
upgrade to that change with no liability to Gateway as long as there is a
program in effect with Boston Acoustic to cover like volumes and both
parties agree to new pricing based on the change.
Gateway hereby agrees to commit to purchase, worldwide, from Boston Acoustics
the stated products at the stated quantity over a 12 month delivery schedule:
Description Quantity Price
- ----------- -------- -----
BA 635 for first * $ *
BA 635 for next * $ *
BA 635 for next * $ *
BA 635 for next * $ *
This commitment is conditional upon the following:
1. Gateway's specification being met
2. The agreed upon delivery dates being met
3. Gateway is responsible for * and *
4. Gateway will pay * in * cost.
Boston Acoustics and Gateway acknowledge, that while this LOA sets forth
their intentions, this LOA does not contain all matters upon which agreement
must be reached in order to proceed. All other items and conditions as
specified in the Purchase Order to be issued by Gateway will remain intact.
All information exchanged to date and hereafter between the parties is
proprietary to the party submitting the information and shall be held in the
strictest confidence between the parties.
Please indicate your acceptance of and agreement to this letter of Agreement
by Signing below.
ACCEPTED AND AGREED: ACCEPTED AND AGREED
Boston Acoustics Gateway 2000
By: /s/ Andy Kotsatos By: /s/ Dave Russell
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Name: Andy Kotsatos Name: Dave Russell
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Title: CEO Title: Director
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Date: 5/14/98 Date: 5/14/98
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