FSI INTERNATIONAL INC
10-K, 1999-11-24
SPECIAL INDUSTRY MACHINERY, NEC
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Exhibit 10.14


Amendment to
FSI Exclusive Distributorship Agreement

    This Amendment to the FSI Exclusive Distributorship Agreement (the "Amendment") is made as of July 31, 1999 among FSI International, Inc. ("FSI"), m•FSI Ltd. ("m•FSI") and BOC Edwards, a part of The BOC Group, Inc. ("BOC").

    WHEREAS, FSI and m•FSI are parties to the FSI Exclusive Distributorship Agreement dated as of August 14, 1991 (as amended to the date hereof, the "Distributorship Agreement"), which Distributorship Agreement provides m•FSI with the exclusive rights to distribute FSI products in specified territories, including chemical delivery systems and other products currently manufactured or sold by the Chemical Management Division of FSI including those of FSI's subsidiaries ("CMD").

    WHEREAS, concurrently with the execution and delivery of this Amendment, FSI is selling and transferring the business and operations of CMD to BOC, pursuant to that Asset Purchase Agreement between those two parties dated as of June 9, 1999 (the "Asset Purchase Agreement").

    WHEREAS, the parties hereto desire to amend the Distributorship Agreement and to otherwise set forth certain rights and obligations with respect to one another to reflect the transfer of CMD to BOC.

    WHEREAS, FSI and m•FSI also concurrently are terminating the license to manufacture Chemical Management Products previously granted by FSI to m•FSI.

    NOW THEREFORE, pursuant to the above, the covenants and promises which follow, and other valuable consideration, the parties agree as follows:

    In Witness Whereof, the parties have caused this Amendment to be executed by duly authorized representatives as of the date first above written.

 
 
 
 
 
FSI INTERNATIONAL, INC.
 
 
 
 
 
By:
 
/s/ 
PATRICIA M. HOLLISTER   
Its Chief Financial Officer
 
 
 
 
 
m•FSI LTD.
 
 
 
 
 
By:
 
/s/ 
HIDEKI KAWAI   
Its President
 
 
 
 
 
THE BOC GROUP, INC.
 
 
 
 
 
By:
 
/s/ 
NIGEL D. HUNTON   
Its Attorney in Fact for James Blake

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Amendment to FSI Exclusive Distributorship Agreement



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