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EXHIBIT 10.14
AGREEMENT
TORCH, INC.
000, Xxxxxxx Xxxxxx, Xxxxx 000
Xxxxxx, XX 00000-0000
XXX
Tel: x0-000-0000000
Fax: x0-000-0000000
hereinafter referred to as the BUYER,
and
SAS GOUDA B.V.
Xxxxxxx 0
0000 XX Xxxxx
Xxx Xxxxxxxxxxx
Tel: x00-000-000000
Fax: x00-000-000000
hereinafter referred to as the SELLER,
whereas
the Seller is a well known manufacturer of offshore pipe tensioning equipment
and cable laying equipment and in this respect has a sound reputation in the
offshore markets in Europe, the Middle East and the Far East;
the Seller, however, has not yet made a substantial sale in the North American
market for such equipment and is desirous to enter that market;
the Seller is desirous to have a "launching customer" who is willing to act as
a "reference client" in that market;
the Buyer has the intention to buy offshore pipe tensioning equipment and cable
laying equipment;
have concluded this Agreement as follows:
1. Seller shall grant Buyer a twenty per cent (20%) discount off the official
Seller's price list for offshore pipe tensioning- and cable laying
equipment, including spare parts and consumables for all future purchases
made by the Buyer for a period of five (5) years from the effective date
written hereunder.
2. Seller shall be Buyer's preferred supplier of the subject offshore pipe
tensioning equipment and cable laying equipment for a period of five (5)
year from the date written hereunder.
3. Buyer has no obligation whatsoever to purchase any offshore pipe tensioning
equipment and cable laying equipment or services from Seller.
The Effective Date of this Agreement is March 18, 1998.
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Now, this Agreement is duly signed by the respective Authorized Officers of
Buyer and Seller:
For Buyer: For Seller:
(Name) Xxxxxxx Xxxxxx (Name) Xxxxx X. Xxxxxxxx
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(Position) Executive Vice President (Position) Managing Director
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(Date) March 18, 1998 (Date) March 13, 1998
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(Signature) /s/ XXXXXXX XXXXXX (Signature) /s/ XXXXX X. XXXXXXXX
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