Mutual Termination Agreement of AuraGen Distributorship between Aura Systems, Inc. and Emerald Commercial Leasing, Inc.
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Summary
Aura Systems, Inc. and Emerald Commercial Leasing, Inc. have mutually agreed to end their AuraGen distributorship agreement, originally dated November 24, 2006. Effective May 15, 2008, the distributorship is terminated, and both parties have confirmed this decision in writing. This agreement formally ends any exclusive distribution rights or obligations between the two companies related to the AuraGen product.
EX-10.20 5 v117237_ex10-20.htm
Aura Systems Inc.
VIA FACSIMILE & CERTIFIED MAIL
(404) 362-0094
May 29, 2008
Emerald Commercial Leasing, Inc.
Joe Dickman, President
4255 Moreland Avenue
Conley, GA 30288
Re: Mutual Agreement Ending AuraGen® Distributorship Exclusivity
Dear Mr. Dickman:
This serves to confirm and memorialize the mutual agreement of Aura Systems, Inc and Emerald Commercial Leasing, Inc. to amend that certain distributorship agreement by and between our two companies dated November 24, 2006. Recently we agreed that the distributorship will no longer remain in force. Effective, as of May 15, 2008, our AuraGen distributorship shall be terminated.
Should the above accurately reflect our agreement, please kindly indicate so by signing below. Please do not hesitate to contact me directly should you have any questions.
Very truly yours,
AURA SYSTEMS, INC.
________________________________
Melvin Gagerman, Chairman and C.E.O.
UNDERSTOOD AND AGREED:
EMERALD COMMERCIAL LEASING, INC.
_________________________________
Joe Dickman, President
2330 Utah Ave. El Segundo, California 90245
