EXHIBIT 10.4
MACNOR CORP.
318 PINEHURST DRIVE
OAKVILLE, ONTARIO
CANADA L6J 4X5
TEL/FAX: (905) 844-4522
To: Board of Directors of
ASTRIS ENERGI INC.
Date: 1 October 1999
Gentlemen:
This confirms the understanding reached in our meeting on 13 September
1999.
o MACNOR will open a Website for Astris, and will market small fuel cell
products, including scientific and popular products such as QUICKCELL,
LABCELL, TL4 and other test equipment. Products will be made by Astris
s.r.o. (fuel cells) and by Macnor (electronic test equipment). MACNOR will
bear the cost of opening the Website.
o ASTRIS will receive 5% of value of sales achieved this way, to be accounted
for annually, to assist Astris in achieving some cash income.
Yours very truly,
/s/ Jiri K. Nor
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Jiri K. Nor, P.Eng.
Accepted and Agreed by all directors of ASTRIS ENERGI INC.
