Exhibit 10.20.1
AMENDMENT TO
OSE INC. EXCLUSIVE SALES DISTRIBUTOR
AGREEMENT
This Amendment (the
“Amendment”) to OSE Inc. Exclusive Sales Distributor
Agreement dated October 29, 1999 (the “Agreement”) is
made and entered into this day of March, 2003 (the “Effective
Date”), between Orient Semiconductor Electronics Ltd., a
Taiwanese corporation (“Manufacturer”) and OSE Inc.
(U.S.), a California corporation
(“Distributor”).
The Parties agree as
follows:
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1.
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Article 6 of
the Agreement is amended as follows:
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(a) Section 6.3 of the Agreement is
deleted in its entirety, provided that Distributor may deduct
payments earned by it pursuant to Article 5 from any collections
received by Distributor after the Effective Date and shall remit
the balance by wire transfer as Manufacturer shall direct within
three business days after collection.
(b) Section 6.4 of the Agreement is
renumbered as Section 6.3.
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2.
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Article 7 of
the Agreement is amended as follows:
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(a) Section 7.1 is amended to
read:
Distributor shall act as
Manufacturer’s billing agent for all collections from
customers. All of Distributor’s invoices to customers for
orders for Products placed with the Manufacturer shall instruct
customers to remit payment to Manufacturer in such manner and at
such address or location
