Exhibit 10.20.1

 

AMENDMENT TO

OSE INC. EXCLUSIVE SALES DISTRIBUTOR AGREEMENT

 

This Amendment (the “Amendment”) to OSE Inc. Exclusive Sales Distributor
Agreement dated October 29, 1999 (the “Agreement”) is made and entered into this
day of March, 2003 (the “Effective Date”), between Orient Semiconductor
Electronics Ltd., a Taiwanese corporation (“Manufacturer”) and OSE Inc. (U.S.),
a California corporation (“Distributor”).

 

The Parties agree as follows:

 

1. Article 6 of the Agreement is amended as follows:

 

(a) Section 6.3 of the Agreement is deleted in its entirety, provided that
Distributor may deduct payments earned by it pursuant to Article 5 from any
collections received by Distributor after the Effective Date and shall remit the
balance by wire transfer as Manufacturer shall direct within three business days
after collection.

 

(b) Section 6.4 of the Agreement is renumbered as Section 6.3.

 

2. Article 7 of the Agreement is amended as follows:

 

(a) Section 7.1 is amended to read:

 

Distributor shall act as Manufacturer’s billing agent for all collections from
customers. All of Distributor’s invoices to customers for orders for Products
placed with the Manufacturer shall instruct customers to remit payment to
Manufacturer in such manner and at such address or location as Manufacturer
shall direct for specific customers or classes of customers.

 

(b) Section 7.4 is amended to read:

 

At least two times per month, Manufacturer shall remit to Distributor all
payments earned by Distributor pursuant to Article 5 and not previously paid to
Distributor with respect to amounts collected by Manufacturer pursuant to
Section 7.1.

 

3. Section 9.2 is revised to read:

 

Except as provided in the Agreement, Distributor will be solely responsible for
marketing and sales activities within the Territory, including all customer
visits, direct mail, and telephonic contacts of customers, and all of
Distributor’s marketing and sales activities shall be at Distributor’s sole
discretion.

 

4. Sections 18.3 and 18.4 are revised and completed to read:

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18.3 Every notice to Manufacturer required or contemplated by this Agreement
shall be sent to Manufacturer as follows:

 

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Attention:

 

 

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Facsimile:

 

 

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18.4 Every notice to Distributor required or contemplated by this Agreement
shall be sent to Distributor as follows:

 

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Attention:

 

 

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Facsimile:

 

 

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IN WITNESS WHEREOF, the parties to the Agreement have caused this Amendment to
be duly executed at San Jose, California, as of the first date written above, by
the following persons duly authorized.

 

Orient Semiconductor Electronics Ltd.

By:

 

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Title: President

OSE Inc. (US)

By:

 

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Title: President