EXTENSION
AGREEMENT
This EXTENSION AGREEMENT made and
entered into as of the 21 day of February 2008 by the between
Tajima Industries Ltd., a corporation formed under the laws of
Japan, maintaining its principal place of business at 19-22
Shirakabe 3chome, Higashi-Ku, Nagoya 461, Japan
(“Tajima”), Tajima America Corp., a corporation formed
under the laws of the State of New Jersey, maintaining its
principal place of business at 19925 South Susana Road, Rancho
Dominguez, California 90221 (“TAC”), and Hirsch
International Corp., a corporation formed under the laws of the
State of Delaware, maintaining its principal place of business at
50 Engineers Road, Hauppauge, New York 11788, U.S.A.
(“Hirsch”). (Tajima, TAC, and Hirsch are collectively
referred to as “the Parties”.)
RECITALS:
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A.
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Tajima, TAC and Hirsch are parties
to that certain Distributorship Agreement, having an effective date
of April 1, 2004, and a one year term, pursuant to which Hirsch was
appointed as a distributor for the sale of “PRODUCTS”
within a designated “Territory,” as those terms are
defined in the Year-to-Year Distributorship Agreement
(“Distributorship Agreement”).
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(Remarks: There are two
Distributorship Agreements exist, one for exclusive basis for
Hirsch’s original territory and one for non-exclusive basis
for West Coast territory.)
