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REVISED LETTER OF UNDERSTANDING OBJECT INNOVATION, INC. AND GATEFOR, INC.

Distribution Agreement

REVISED LETTER OF UNDERSTANDING OBJECT INNOVATION, INC. AND GATEFOR, INC. | Document Parties: PPOL INC | GATEFOR, INC. | OBJECT INNOVATION, INC You are currently viewing:
This Distribution Agreement involves

PPOL INC | GATEFOR, INC. | OBJECT INNOVATION, INC

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Title: REVISED LETTER OF UNDERSTANDING OBJECT INNOVATION, INC. AND GATEFOR, INC.
Date: 4/4/2005

REVISED LETTER OF UNDERSTANDING OBJECT INNOVATION, INC. AND GATEFOR, INC., Parties: ppol inc , gatefor  inc. , object innovation  inc
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EXHIBIT 10.14

 

 

                         REVISED LETTER OF UNDERSTANDING

                    OBJECT INNOVATION, INC. AND GATEFOR, INC.

                                 AUGUST 11, 2004

 

In consideration of the reassignment of the Distribution Agreement from PPOL,

Inc. to GateFor, Inc., and in consideration of the requested change to the terms

of our current Distribution Agreement with PPOL, Inc. after it is reassigned to

GateFor, Inc., the parties agree to the following:

 

         1.        Based upon a $16,000 price of Bridgegate to GateFor, Object

                  Innovation will receive $5,500 (34%) and the received amount

                  will be adjusted as appropriate should Gatefor raise the sale

                  amount.

         2.        Enterprise Bridgegate sales will be based on an estimated

                  sales amount of $180,000 and Object Innovation will receive

                  555,000 (30.5%), and the received amount will be adjusted as

                  appropriate should GateFor raise the sale amount.

         3.        Object Innovation will receive the sum of $180,000 from

                  GateFor to cover various localization work performed by Object

                  Innovation in preparing BridgeGate for the Japanese market,

                  and to purchase co-ownership IP rights to the

                  Japanese-specifi


 
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