Amendment to Supply Agreement between Edelbrock Corporation and Magneti Marelli Powertrain USA, Inc. (2004 Carburetor Purchases)
Edelbrock Corporation and Magneti Marelli Powertrain USA, Inc. have agreed to amend their existing supply agreement for 2004. In exchange for Magneti Marelli limiting its price increase on certain carburetors to 2% for the 2004 calendar year, Edelbrock commits to purchasing a total of 185,000 units during that year. All other terms of their original 2001 agreement remain unchanged. This amendment is confirmed by both parties and is effective for the 2004 calendar year.
[EDELBROCK LOGO]
Exhibit 10.0
JEFFREY L. THOMPSON
Executive Vice President
Chief Operating Officer
| October 27, 2003 | VIA FACSIMILE AND MAIL |
Mr. Fred Gopal
President and CEO
Magneti Marelli Powertrain USA, Inc.
2101 Nash Street
Sanford, NC ###-###-####
RE: 2004 Calendar Year
Dear Fred:
As a follow-up to our telephone conversation this morning, as consideration of Magneti Marelli reducing the anticipated price increase on the Edelbrock Performer Series EPS and AVS Carburetors for calendar year 2004 to 2%, Edelbrock will be willing to commit to a total purchase of 185,000 units for the 2004 calendar year.
This letter serves to amend our current Agreement in place dated September 26, 2001. All other terms and conditions shall remain in full force and effect covering said Agreement.
On behalf of Edelbrock, we appreciate your assistance in helping to reduce the anticipated price increase to the lower amount and look forward to an equally exciting 2004.
Sincerely,
/s/ Jeffrey L. Thompson
Jeffrey L. Thompson
Executive Vice President
JLT:lm
| cc: | Vic Edelbrock Arty Feles |
Accepted this 31st day of October 2003.
| By: | /s/ Fred Gopal |
| Title: | President/CEO |
2700 California Street • Torrance, California 90503
(310) ###-###-#### • Fax: (310) 320-3964 • email: ***@***
