EXHIBIT 10.20
CONFIDENTIAL MATERIALS OMITTED AND FILED SEPARATELY WITH
THE SECURITIES AND EXCHANGE COMMISSION.
ASTERISKS DENOTE OMISSIONS.
DISCOUNT ADDENDUM
This Addendum supplements and modifies the Master Agreement between XXX
Xxxxxxxxxxx ("NCR") and G+G Retail, Inc. ("G+G") dated February 26, 1999. To
the extent any provisions of this Addendum are inconsistent with the terms and
conditions of the Master Agreement, the provisions of this Addendum will
prevail.
1.0 TERM
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The Term of this Addendum begins February 26, 1999 and ends December 31, 2001.
2.0 APPLICABILITY - PRODUCTS COVERED
--------------------------------
This Addendum applies only to the products listed in Attachment A (the
"Products") which are: (i) purchased from NCR, either directly or through a
leasing company; and (ii) delivered during the Term. NCR may substitute
Products, provided the substitute Products do not materially impact form, fit or
function.
3.0 ORDERS AND INVOICES
-------------------
All orders, regardless of the form used, will be governed by this Addendum and
the Master Agreement. Any pre-printed language on G+G's order form will have no
force or effect. All Products will be invoiced on shipment from the NCR Staging
Center to G+G's store locations. Payment is due within 30 days of receipt of
invoice.
4.0 LIST PRICES AND DISCOUNTS
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4.1 List Prices. The list prices of the Products are NCR's published U.S. list
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prices ("List Prices"). List Prices do not include NCR's standard freight,
distribution, and installation charges, any other reasonable charges associated
with G+G's site or other requirements, and all taxes which relate to G+G's
acquisition of the Products (excluding NCR's net corporate income or franchise
taxes).
4.2 Price Protection. NCR has agreed to secure the pricing below for the
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Product configurations listed in Attachment A.
Product Configuration Discounted Net Price* Quantity
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7452 [*****] [*****]
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3272 [*****] [*****]
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*Note: This pricing is contingent upon G+G purchasing or leasing and taking
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delivery of [*****] units of each Product by June 30, 2000. This pricing for the
specific configurations listed in Attachment A will be valid through December
31, 2000. NCR agrees to make this same net price for a similar product
configuration available to G+G for the entire calendar year of 2001.
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4.3 End-Of-Term Adjustment. If the discount extended exceeds the discount
actually earned, NCR will invoice and G+G agrees to pay the difference plus
interest (the maximum rate allowed by law, not to exceed 10% per annum).
Interest will be calculated from the dates of the original invoices.
5.0 ORDER CHANGES
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G+G may cancel an order in whole or in part, delay delivery or change the
installation location by providing written notice prior to shipment to NCR's
staging center. If G+G's notice is received 30 days or less before the
scheduled shipment date, charges will apply as follows.
5.1 Cancellation. Cancellation charges equal 20% of the List Price of the
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affected Products.
5.2 G+G's Delivery Delay from NCR's Staging Center
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Length of Delay G+G Charge
--------------------- ----------
less than 30 days 0%
30 - 59 days 0%
60 - 89 days 4%
90 - 120 days 6%
greater than 120 days 8%
G+G charges are stated as a percentage of the affected Products' discounted net
price. Multiple delays which exceed 60 days in total will be considered a
single delay in excess of 60 days. A request to delay delivery more than 360
days from the date of the original order will be considered a cancellation. If
an order is canceled subsequent to a chargeable delay, a 20% cancellation charge
shall also apply.
5.3 Delays Caused by NCR. If NCR's delivery to G+G stores is delayed more than
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30 days due to NCR's performance, G+G may cancel delivery without penalty.
5.4 Change of Installation Location. If G+G changes the installation location
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previously specified in an order, NCR will bill any additional shipping and
handling costs to G+G at NCR's standard charges.
6.0 CONFIDENTIALITY
---------------
This Addendum and the Master Agreement shall be considered confidential and each
party will use reasonable efforts to prevent the disclosure of its contents to
any person who is not its employee or agent, except as may be required by law or
government regulation.
G+G Retail Inc. XXX Xxxxxxxxxxx
/s/ Xxxxxxx Xxxxxx /s/ Xxxx Xxxxx
------------------------------ ------------------------------
Signature Signature
CFO VP GMS
------------------------------ ------------------------------
Title Title
Xxxxxxx Xxxxxx Xxxx Xxxxx
------------------------------ ------------------------------
Typed Name Typed Name
3/3/99 3/12/99
------------------------------ ------------------------------
Date Date
2
Attachment A
NCR 7452 and 3272 System Configuration
Pricing and Discount Schedule
Product I.D. Product Description Qty List Price Disc. % Net Price Extended
--------------------- ------------------------------- --- ---------- ------- --------- ----------
Net Price
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7452-3002-8900 7452 686 w16MB ,Win 95 Model [*****] $3,065 [*****] $[*****] $[*****]
7452-F117-0000 Upgrade to 233Mhz [*****] $ 499 [*****] $[*****] $[*****]
7452-F132-0000 Upgrade to 32 MB Memory [*****] $ 295 [*****] $[*****] $[*****]
7452-F300 Peripheral Tray [*****] 0 [*****] $[*****] $[*****]
7452-F190 Power Cord [*****] 0 [*****] $[*****] $[*****]
7452-F161 2GB Hard Drive [*****] 330 [*****] $[*****] $[*****]
7452-F201 AlphaNumeric POS Keyboard [*****] 565 [*****] $[*****] $[*****]
7452-F211 MSR Track1-2-3 [*****] 75 [*****] $[*****] $[*****]
7452-F001 Integrated Cash Drawer [*****] 225 [*****] $[*****] $[*****]
7452-F011 Universal 2-1/2L Till (No Lid) [*****] 45 [*****] $[*****] $[*****]
7452-F012 Coin Roll & Slip Trays [*****] 30 [*****] $[*****] $[*****]
7452-F013 Manual Drawer Release [*****] 45 [*****] $[*****] $[*****]
7452-F502 7156 Printer w/Knife & slip [*****] 1035 [*****] $[*****] $[*****]
7452-F280-0000 7156 Slip Table [*****] $ 25 [*****] $[*****] $[*****]
7452-F620 Integrated Printer Cable [*****] 65 [*****] $[*****] $[*****]
7452-K402 10" Color VGA w Remote Mount [*****] 900 [*****] $[*****] $[*****]
7452-F323 2x20 LCD Cust Display wMount [*****] 275 [*****] $[*****] $[*****]
D370-0420 NCR OPOS Drivers [*****] 75 [*****] $[*****] $[*****]
Terminal Hardware Total $7,549 $[*****] $[*****]
Product I.D. Product Description Qty List Price Disc. % Net Price Extended
--------------------- -------------------------------- --- ---------- ------ --------- ----------
Net Price
----------
3272-2600-8900 Desktop PC, WinNT 4.0 Wkst [*****] 700 [*****] $[*****] $[*****]
3272-F011 450Mhz Pentium II MMX [*****] 740 [*****] $[*****] $[*****]
3272-F940 Power Cord [*****] 5 [*****] $[*****] $[*****]
3272-F136 Upgrade 128 MB Memory [*****] $ 400 [*****] $[*****] $[*****]
3272-F751 4.3GB Hard Drive [*****] 220 [*****] $[*****] $[*****]
3272-F702 1.44 MB Flex [*****] 35 [*****] $[*****] $[*****]
3272-F080 English - User Documentation [*****] 5 [*****] $[*****] $[*****]
3272-F594 32X CD-ROM [*****] 100 [*****] $[*****] $[*****]
3272-F371 Mouse [*****] 15 [*****] $[*****] $[*****]
3498-2277 15"Color Monitor [*****] 310 [*****] $[*****] $[*****]
1428-C001-0010 Power Cord [*****] 5 [*****] $[*****] $[*****]
3272-F690 NT 4.0 Workstation [*****] 0 [*****] $[*****] $[*****]
PC/ISP Configuration Sub-Total $2,535 [*****] $[*****] $[*****]
5932-1001-9001 POS Keyboard [*****] 605 [*****] $[*****] $[*****]
7156-4205-9001 Printer w / Knife [*****] 1035 [*****] $[*****] $[*****]
7156-K330-0000 Printer Power Supply [*****] 115 [*****] $[*****] $[*****]
1416-C266-0040 RS232 Comm Cable [*****] 45 [*****] $[*****] $[*****]
7052-K657 Remote Cash Drawer [*****] 315 [*****] $[*****] $[*****]
D370-0420 NCR OPOS Drivers [*****] 75 [*****] $[*****] $[*****]
Backoffice POS Sub-Total $2,190 $[*****] $[*****]
Total Backoffice POS $4,725 $[*****] $[*****]
Product I.D. Product Description Qty List Price Disc. % Net Price Extended
--------------------- ---------------------------------- --- ---------- ------ --------- ----------
Net Price
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Power & Protection OPTIONS
4052-0650-7194 3271 Power & Protection (UPS) [*****] $ 359 [*****] $[*****] $[*****]
4052-0420-7194 7452 Power & Protection (UPS) [*****] $ 219 [*****] $[*****] $[*****]
MISC. HARDWARE
3COM 8-port Hub - Office Connect [*****] 89 [*****] $[*****] $[*****]
3Com/US Robotics Ext 56K Modem [*****] 149 [*****] $[*****] $[*****]
**NOTES : (1) Tax and Distribution charges are not included.
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