perm filename CAMAX2.VL[1,VDS] blob sn#184373
filedate 1975-10-26 generic text, type C, neo UTF8
COMMENT ⊗ VALID 00002 PAGES
C REC PAGE DESCRIPTION
C00002 00002 \|\\M1BDR25\M2SIGN57\M3NGR25\M4NGR20\F2\CVICARM
\F3\C154 EAST DANA STREET
\CMOUNTAIN VIEW, CA. 94041
\F1\COctober 27, 1975
Mr. Stephen Carney
154 East Dana Street
Mountain View, Ca. 94041
\C SUBJECT: AGREEMENT BETWEEN VICARM INC. AND CAMAX
This letter sets forth the terms of an agreement between
Vicarm,Inc. and Camax (Stephen Carney) covering the use of Vicarm shop
space and facilities as outlined in our letter of October 20 to you,
and furthur detailed and modified here in.
On a seven month contract, starting retroactively on October
1, 1975, (this date representing the commencement of the presently
unpaid portion of the existing verbal agreement established in
September, 1975), Vicarm will allow Camax to use its shop space and
facilities for a total fee of $2,275, to be paid monthly in seven
equal installments. Payments shall be due on the last day of each
month. During this period of time Vicarm has the option to purchase,
from Camax, up to 130 hours of prototype machining time at a price
not to exceed $15.00 per hour.
Should Camax desire to terminate this agreement early,
compensation for the actual time used shall be at the rate of $400
per month for the first four months, and $350 per month for
additional months until $2,275 is reached. As the schedule of
payments calls for equal monthly payments of $325, the early
termination balance due shall be payable within 15 days of early
termination by Camax.
Alternatively, should Vicarm terminate this agreement early,
Camax shall be responsible for time used at the rate of $325 per
The signatures below confirm agreement to the terms and
conditions stated above.
Camax (Stephen Carney)
Vicarm (Victor Scheinman)\.