EXHIBIT 10.10
[Letterhead of Registrant]
March 8, 2006
Xx. Xxxxx X. Xxxxxx
Chief Operating Officer
Lancy Technology Limited
Godiva Place Coventry, CV1 5PN
United Kingdom
Dear Xxxxx:
Pursuant to the attached agreement dated August 4, 2003, Xxxxx Associates
("Xxxxx") has certain rights to develop the Japanese market for the products of
Ovation Products Corporation ("Ovation"). Lancy Technology Limited (previously
Lancy Water Technology Limited and hereafter "Lancy") was granted worldwide
rights to sell certain industrial products in a Distribution Agreement dated
December 16, 2002 and on March 8, 2006, Ovation and Lancy amended their
Distribution Agreement and Ovation granted Lancy exclusive distribution rights
to the Impregnation Market through-out the world.
This letter memorializes our agreement that if Xxxxx sells Impregnation Products
in Japan independent of Lancy, Ovation will pay Lancy a sales commission of 5%
of such sales.
Sincerely,
/s/ Xxxxxx X. XxxXxxxxx
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Xxxxxx X. XxxXxxxxx
Chief Executive Officer
Signed and Agreed:
LANCY TECHNOLOGY LIMITED
/s/ Xxxxx X. Xxxxxx
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BY: Xxxxx X. Xxxxxx, Chief Operating Officer
