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EXHIBIT 10.32
ASSIGNMENT & AMENDMENT
THIS ASSIGNMENT AND AMENDMENT, effective as of January 1, 2001, to the
Microsoft Corporation Manufacturing Agreement (the "Agreement") dated January 1,
1998 between Microsoft Corporation ("Microsoft") and Startek, Inc. ("Startek")
is made between Microsoft, Startek and Microsoft Operations Pte Ltd ("MO"), a
Singapore corporation.
IT IS AGREED as follows:
1. All words and expressions not otherwise defined in this Amendment have
the same meaning as in the Agreement and the parties confirm the
continued operation of the Agreement as amended by this Assignment and
Amendment.
2. For and in consideration of the promises by MO in the License
Agreement dated as of January 1, 1999 by and between GraceMac
Corporation and MO, Microsoft grants, transfers, assigns and deliver
to MO the Agreement, and MO agrees to be bound by the Agreement and to
perform its obligations under it according to its terms, as of the
close of business January 3, 1999. Accordingly, all references to
"Microsoft" in the Agreement shall be construed as references to MO.
Further, Startek acknowledges such assignment.
3. MO may communicate with Startek's designated subcontractor(s) on such
issues as assembly process improvements and cost reduction programs.
4. The expiry date of the Agreement will be extended from June 30, 2001
to December 31, 2001.
5. Sections 2 and 3 of Exhibit B to the Agreement are hereby deleted.
Prices for supply of products under or in respect of the Agreement may
be negotiated by MO in its discretion and at its option with either
Startek or Startek's subcontractor(s) on Startek's behalf. In those
cases where MO negotiates a price directly with Startek's
subcontractor(s) in relation to specific product, Startek will supply
such product to MO under the Agreement at that price.
6. For the avoidance of doubt, MO may at any time enter into agreements
with Startek's subcontractor(s) to provide manufacturing and other
services such as may be required by MO to support MO in areas (such as
Licensing and Programs) other than Full Packaged Product and which are
not covered under the Agreement.
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MICROSOFT CORPORATION
/s/ Xxxx Xxxxxxx
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By
Xxxx Xxxxxxx
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Name (Print)
General Manager
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Title
March 14, 2001
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Date
STARTEK, INC.
/s/ E. Xxxxxxx Xxxxxx, Xx.
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By
E. Xxxxxxx Xxxxxx, Xx.
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Name (Print)
Chief Operating Officer
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Title
April 16, 2001
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Date
MICROSOFT OPERATIONS PTE LTD
/s/ Xxxxxxx Lung
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By
Xxxxxxx Lung
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Name (Print)
Chief Executive
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Title
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Date
