Document:

Letter Agreement

 Exhibit 10.2 
  
 April 15, 2004 
  
 North America Venture Fund II, L.P. 
 3945 Freedom Circle, #270 
 Santa Clara, CA 95054 
  

	 	Re:	Convertible Term Note dated January 8, 2004 

  
 Ladies and Gentlemen: 
  
 As discussed with you, Axesstel, Inc., a Nevada corporation (the “Company”), proposes to modify the terms of the Convertible Term Note
dated January 8, 2004 (the “Note”) issued by the Company to North America Venture Fund II, L.P. (the “Investor”) pursuant to the terms of that certain Convertible Note Purchase Agreement dated as of January 8, 2004
(the “Purchase Agreement”), and proposes to grant the Investor certain other rights. Capitalized terms used but not defined herein have the meanings given them in the Note or the Purchase Agreement. 
  
 The Company hereby agrees that: 
  
 1. The Note is hereby amended by deleting each of (i) Section 2.1 of the Note
and (ii) Exhibit B to the Note in its entirety. 
  
 2. Interest on
the Note shall be paid in cash and shall not be converted into shares of the Company’s common stock. Accrued interest on the Note to, but excluding, the Conversion Date shall be paid on the Conversion Date. 
  
 3. All other provisions of the Note, to the extent not amended hereby, are
hereby affirmed and remain in full force and effect. 
  
 4. The
Company will provide to the Investor quarterly unaudited financial statements of the Company and its subsidiaries on a consolidated basis no later than ten days after the end of the period to which the financial statements relate. 
  
 The Investor hereby agrees that, immediately upon the effectiveness of the
Shelf Registration Statement (the “Date of Effectiveness”), the Investor will exercise its option under Section 2.2 of the Note to convert 25% of the principal amount of the Note into shares of Common Stock at the Conversion Price.
On the three month anniversary of the Date of Effectiveness, and at the end of each subsequent three month period thereafter that falls before the Maturity Date, the Investor will exercise its option under Section 2.2 of the Note to convert a
further 25% of the original principal amount of the Note into Common Stock at the Conversion Price. Notwithstanding the foregoing, the Investor may exercise its option under Section 2.2 of the Note prior to the times, and in amounts greater than the
amounts, contemplated by this paragraph. 
  

 If the foregoing is in accordance with your understanding of our agreement, please sign and return to us
a counterpart hereof, whereupon this instrument will become a binding agreement between the Company and the Investor in accordance with its terms. 
  

			
	Very Truly Yours,
	
	AXESSTEL, INC.
		
	By:	 	 /S/ David L. Morash

	 Name:
	 	 David L. Morash

	 Title:
	 	 Pres./COO

  

 -2-Purchase Order dated April 20,2004

 [LOGO] 
 TATA TELESERVICES LIMITED 
  
 Exhibit 10.3 
  
 Page 1 of 4 
  
 Purchase Order 
  

					
	AXESSTEL	 	 	 	PO Number: 1005400125

  

					
	 15373 Innovation Drive Ste. 200
	 	PO Date:	 	20-Apr-04
	 	 	Currency:	 	USD
	 	 	Revision Number:	 	0
	 San Diego 92128
	 	PR NO.:	 	1005300137
	 California
	 	CAPEX No.:	 	NIUs
	 US
	 	RFQ NO.:	 	 
			
	 Vendor Code 13656
	 	 	 	 

  
 We have pleasure in informing you
that, your offer referred above, has been accepted to the extent indicated below. You will arrange to supply, subject to the terms and conditions stated below. 
  

															
	Bill No.

	 	Item Description

	 	UOM

	 	 	Quantity

	 	 	Unit Price

	 	 	Net Value

	 
	1	 	UTM010107
NIU COMPLETE PACK:
AXW [***]	 	Each	 	 	[	***]	 	[	***]	 	[	***]
	 	 	 	 	 	 	 	 	 	 	 	 	 	
	

	 	 	 	 	 	 	 	Total Purchase Order Value	 	 	[	***]
	
	US Dollar [***]**  
	  

	Ln No.

	 	Item Tax Description

	 	Dly Qty

	 	 	Dly Date

	 	 	Mode Rate (%)

	 	 	Dly. Location Tax
Amount

	 
	1	 	UTM010107	 	[	***]	 	[	***]	 	[	***]	 	Kukatpally Inventory	 

  

					
	Terms of delivery :	  	 	  	 
	Shipping instruction :	  	 	  	 
	Terms of payment :	  	 	  	 
	Vendor Note :	  	Kindly refer to Annexure for Scope of Work, Exclusivity, Price, Delivery Schedule, Payment Terms, Warranty Period, After Sales Service, Exit Clause, Assignment, Packaging and
Brand Development.

  

			
	PO Attachments:	  	 
	Delivery Location:	  	Billing Location:
		
	 Tata Teleservices Ltd.,
	  	 Tata Teleservices Ltd.,

	 2-11
	  	 3-11

	 Hydemagar
	  	 Hydemagar

	 Kukatpally
	  	 Kukatpally

	 Hyderabad 500072
	  	 Hyderabad 500072

	 Andra Pradesh
	  	 Andra Pradesh

	 INDIA
	  	 INDIA

	T.No.: +91-40-6100373	  	T.No.: 91-40-6100373
	P.No.: +91-40-3051679	  	P.No.: +91-40-3051679
	Contact Person: B S Rao	  	 

  

			
	Note: Please mention our PO Number in all your future correspondence. Please acknowledge this Order immediately. If no acceptance is received within 7 days, it is presumed that you have accepted
the order.	  	For Tata Teleservices Ltd. /s/ [Illegible]

	 CST Reg No: LST Reg No:
 IEC No:
	  	Authorized Signatory

  
 Confidential
portions of this document have been 
 redacted and filed separately with the Commission 

 [LOGO] 
 TATA TELESERVICES LIMITED 
  
 Exhibit 10.3 
  
 Page 2 of 4 
  
 Purchase Order 
  

					
	AXESSTEL	  	PO Number:	  	1005400125

  
 TATA
TELESERVICES LIMITED 
 CONDITIONS OF CONTRACT 
  

	1.	Quality and Workmanship: The goods shall be of the best quality and workmanship and comply with the requirements of the Purchase Order in all respects to the satisfaction of
TTL. The Contractor/Vendor shall supply the goods in accordance with the particulars given in the Purchase Order unless any deviation is authorized as an exception expressly specified in the Purchase Order. 

  

	2.	Guarantee: The Contractor/Vendor shall be responsible, for a period of [***] after goods have been taken over by TTL, for any defects which may develop under the conditions
provided for by the contract and under proper use, arising from faulty materials, design or workmanship and shall remedy such defects at his own cost when called upon to do so by TTL. If it becomes necessary for Contractor/Vendor to replace or renew
any defective portion of the goods, such replacement or renewal shall be made by the Contractor without any extra cost to TTL. 

  

	3.	Samples: Samples submitted for any reason shall be supplied [***] as regards safe custody. 

  

	4.	Packing: [***] The packing and marking of packages shall be done by at the expense of the Contractor/Vendor. Each package shall contain a Packing Note quoting Purchase Order
No. and Date and showing its contents in detail. 

  

	5.	Sales Tax and Excise Duty: Sales Tax, Local or Central/Excise Duties where leviable and intended to be claimed from TTL should distinctly be shown along with the price
quoted. Where this is not done, no claim for ST/ED will be admitted at later stage on any ground whatsoever. 

  

	6.	Deliveries: The date of delivery of goods stipulated in the Purchase Order shall be deemed to be of the essence of the Contract, and delivery must be completed not later than
the dates specified therein. Should the Contractor/Vendor fail to deliver the goods or any consignment thereof within the period prescribed for such delivery, TTL shall be entitled at their option either: 

  

	 	(i)	To recover from the Contractor/Vendor as agreed [***]; 

  

	 	(ii)	To purchase elsewhere, without notice to the Contractor/Vendor on the account and at the risk of the Contractor/Vendor, the goods not delivered or others of a similar description
without canceling the contract in respect of consignments not yet due for deliver; or 

  

	 	(iii)	to cancel the Contract/Purchase Order. 

  

	7.	Extension of Delivery Time: As soon as it is apparent that contract dates cannot be adhered to, the Contractor/Vendor shall send an application to TTL. Without prejudice to
the foregoing right, if such failure to deliver in proper time as aforesaid shall have raised from any cause which TTL may admit as reasonable ground for an extension of the time, they may allow such additional time as they consider to be justified
by circumstances of the case. 

  

	8.	Inspection and Consequences of Rejection: The goods on receipt in TTL will be subject to inspection and taste if necessary and TTL inspector’s decision as regards
acceptance/rejection of goods [***]. If any goods are rejected TTL shall be at liberty to: 

  
 Confidential portions of this document have been 
 redacted and filed
separately with the Commission 

 [LOGO] 
 TATA TELESERVICES LIMITED 
  
 Exhibit 10.3 
  
 Page 3 of 4 
  
 Purchase Order 
  

					
	AXESSTEL	  	PO Number:	  	1005400125

  

	 	(i)	allow the Contractor/Vendor to replace those rejected goods within a time specified by TTL, the Contractor/Vendor bearing the cost of freight in such replacement without being
entitled to any extra payment; or 

  

	 	(ii)	buy the quantity of goods rejected or others of a similar nature elsewhere at the risk and cost of the Contractor/Vendor without affecting the Contractor’s liability as regards
the supply of any further consignments due under the contract; or 

  

	 	(iii)	terminate the Contract/cancel the purchase order and recover from the Contractor/Vendor the loss TTL may thereby incur. The Contractor/Vendor shall not be entitled to any gain on
the repurchase. 

  
 The goods rejected by TTL’s inspector must
be removed by the Contractor/Vendor within [***] from the date of receipt of rejection and at his own cost, failing which the Contractor/Vendor shall be liable to pay [***]. If the goods are not removed within [***] from the date of intimation of
rejection, the goods shall be liable to be sold by TTL at the Contractor’s risk and responsibility and the proceeds adjusted towards [***]. 
  

	9.	Appropriation: Whenever under this contract any sum of money is recoverable from and payable by the Contractor/Vendor, TTL shall be entitled to recover such sum by
appropriating, in part or whole by deducting any sum then due or which at any time thereafter may become due to the Contractor/Vendor shall pay to TTL on demand the remaining balance due. 

  

	10.	Indemnity: The Contractor/Vendor shall at times indemnify TTL against all claims which may be made in respect of the goods for infringement of any right protected by patent,
registration of design or trademark and shall [***]. 

  

	11.	Subcontracting: Neither of the parties of this contract shall be entitled without the other party’s consent, assign or transfer to a third party all or part of the
benefits or obligations of this contract. 

  

	12.	Arbitration: Any dispute or difference which may arise out of this Contract and cannot be settled in an amicable way between the contracting parties shall be settled by
arbitration. The arbitration shall be conducted in accordance with the Arbitration and Conciliation Act of 1996. 

  

	13.	Jurisdiction: The courts of [***] only shall have jurisdiction to deal with and decide any legal matters or disputes whatsoever arising our of this Contract.

  
 Confidential portions of this document have
been 
 redacted and filed separately with the Commission 

 [LOGO] 
 TATA TELESERVICES LIMITED 
  
 Exhibit 10.3 
  
 Page 4 of 4 
  
 Purchase Order 
  

					
	AXESSTEL	  	PO Number:	  	1005400125

  
 For Internal Use Only: 
  

											
	 Line No.

	  	Item

	  	Distribution No.

	  	Project No.

	  	Task No.

	  	Destination Type

	 1
	  	UTM010107	  	1	  	 	  	 	  	INVENTORY

  
 Confidential
portions of this document have been 
 redacted and filed separately with the Commission 

 [LOGO] 
  
 Annexure to PO for procurement of FWPs from Axesstel. 
  

	1.	Scope of Work: 

  
 Supply of [***] nos of FWP Model No AXW-[***]. (Another PO of [***] units will be sent from M/s Tata Teleservices Maharashtra Limited)

  
 Any new models to be introduced by Axesstel will be included
as part of this proposed order quantity. However, prices for the new models will be negotiated as and when they are offered. 
  

	2.	Exclusivity: 

  
 Axesstel will provide exclusivity for all its CDMA 1X products for use in India to Tata Teleservices Ltd. during the tenure of this PO. 
  
 [***] 
  

	3.	Price [***]: 

  
 [***] 
  
 [***] 
  

	4.	Delivery Schedule 

  

	 	·	TTSL – June [***] units, July [***] units. 

  

	 	·	TTML – June [***] units, July [***] units 

  

	 	·	Axesstel shall intimate to both TTSL and TTML the dispatch dates within 7 days of receipt of this order. 

  

	 	·	Quantities for Aug. and Sept. ‘04 for both TTSL and TTML shall be indicated after receipt of 1st consignment. 

  
 In case of delay in dispatch for reasons attributable to Axesstel, Axesstel
shall [***] on the delayed shipment. 
  

	5.	Payment Terms: Payment will be through irrevocable and confirmed Letters of Credit established through Indian banks with a buyer usance period of 36 months.

  
 Interest for the usance period will be [***].
The Letters of Credit will be confirmed by Axesstel [***]. 
  
 Within 7 days of receipt of this PO, Axesstel shall indicate the name & other details of their Bankers, port of dispatch, specific terms & conditions that need to be put on the LC. 
  
 TTSL shall open LCs on Axesstel on consignment basis as per the schedule of
dispatch. 
  

	6.	Warranty period: 

  
 Main Unit: [***] from the date of manufacturing subject to a minimum of [***] from date of activation. 
  
 Battery: [***] from date of manufacturing. 
  
 During Warranty Axesstel shall provide all after sales service of the fixed
wireless phone to customers of Tata Teleservices Ltd. as per agreed conditions & timelines. 
  
 Confidential portions of this document have been 
 redacted and filed separately with the Commission

 [LOGO] 
  
 In line with the Tata Teleservices Limited road map any support required in form of software upgrades etc. shall be provided by Axesstel [***].

  

	7.	After Sales service: 

  
 Both during warranty and post warranty Axesstel shall directly or through third part provide after sales service as per TTSL’s after sales service
norms/agreement. 
  

	8.	Exit clauses: 

  
 In the event the material supplied by Axesstel is not acceptable in our network or due to obsolescence of technology or product or due to breach of any of
the contractual terms by Axesstel, TTSL reserves the right to terminate this contract forthwith and no consequential damages what so ever shall be payable to Axesstel by TTL. In the event of such termination all open POs with Axesstel will
automatically stand cancelled. 
  

	9.	Assignment: Tata Teleservices Ltd. shall have the right to assign the contract in part or full in favor of any third party. 

  

	10.	Packaging & Brand development: Both Materials and packaging boxes shall be branded as per requirement of Tata Teleservices Ltd. at no additional cost.

  
 Confidential portions of this document have
been 
 redacted and filed separately with the Commission

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