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Exhibit
10.116.1
{Southwall Logo]
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- - - CORPORATE HEADQUARTERS
3975 East
Bayshore Road
Palo Alto, California
94303
Phone 650.962.9115
x1279
Fax
650.967.0182
swestra@southwall.com
August 28,
2003
Mr. Andrew
Kwan
Director
Globamatrix
Holdings Pte. Ltd.
PSB Science
Park Annex
3 Science Park
Drive #02-16
Singapore
118223
Singapore
Dear
Andrew,
With this
letter, I want to summarize our meetings in Singapore during the
week of August 18 th that covered the proposed changes
to the existing Distribution Agreement, dated January 1,
2002.
In
consideration of several factors that have made, and are expected
to continue to make an impact on our business in 2003 and that are
beyond the control of GMX and Southwall (Force Majeure), we have
agreed to the following:
-
The minimum, net
Purchase Order quantity for 2003 will be adjusted to
$7.6MM
-
The quarterly
breakdown will be as follows:
-
-
Q1
$2.098 MM (already shipped)
-
Q2
$0.951 MM (already shipped)
-
Q3
$2.283 MM (existing F/C of $1,425MM + new orders
$0.858MM)
-
Q4
$2.268 MM (existing F/C, unchanged)
-
Total $7.6
MM
-
The
$0.858M
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