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21 October, 2002
Neoteric
Cosmetics, Inc.
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Attention: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, President
Ladies and Gentlemen:
This letter agreement concerns the Sales Distribution Rights Agreement (the "Agreement") dated as of December 1, 2000 between you and us. We and you wish to waive mutually the provision in clause 8 dealing with the minimum net sales in calendar year 2002. Accordingly, we and you agree that the following phrase in clause 8(1)(v) of the Agreement is hereby deleted and that there is no replacement minimum sales level for the calendar year 2002: "calendar year two (2002) to be 12 million USD." In all other respects, the Agreement remains in full force and effect.
Very truly yours, |
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MONTAGNE JEUNESSE, a trading division of Medical Express (UK) Ltd. |
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By: |
/s/ ▇▇▇▇▇ Stevendale |
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| Name: | ▇▇▇▇▇ Stevendale |
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| Title: | Director of Sales & Marketing |
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| Date: | 21 October 2002 |
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AGREED:
NEOTERIC COSMETICS INC.
By: |
/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ |
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| Name: | ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ |
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| Title: | President |
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| Date: | October 21, 2002 |