Amendment No. 3 to EMG Authorized Technology Partner Agreement between Electro Rent Corporation and Keysight Technologies, Inc.

Summary

This amendment updates the existing partnership agreement between Electro Rent Corporation and Keysight Technologies, Inc., effective June 1, 2014. It revises Section 11 regarding partner eligibility and compensation when Electro Rent sells certain Keysight products and services. The amendment clarifies how approved partners qualify for benefits and outlines documentation requirements for audit purposes. All other terms of the original agreement remain unchanged. The amendment is signed by authorized representatives of both companies and is effective as of September 5, 2014.

EX-10.3 3 elrcex1038312014.htm EXHIBIT ELRC EX 10.3 8.31.2014



		EXHIBIT 10.3



*** Confidential treatment has been requested with respect to certain portions of this Agreement. Omitted portions have been filed separately with the Securities and Exchange Commission.		ANT76

AMENDMENT #3 TO EMG AUTHORIZED TECHNOLOGY PARTNER AGREEMENT# ANT76

By and between

ELECTRO RENT CORPORATION

And

KEYSIGHT TECHNOLOGIES, INC.

WITH AN EFFECTIVE DATE OF JUNE 1, 2014

EMG Authorized Technology Partner Agreement #ANT76 between Electro Rent Corporation (“Reseller”) and Keysight Technologies, Inc. (“Keysight”) is hereby amended as follows:

Section 11, [***] paragraph is deleted and replaced with the following:

Under Keysight’s [***], approved partners are eligible [***]. When Reseller sells to a Keysight [***], Reseller will receive [***] as described in the table below:



[***]	I	II	III	IV	Services
[***]	[***]	[***]	[***]	[***]	[***]
[***]	[***]	[***]	[***]	[***]	[***]
[***]	[***]	[***]	[***]	[***]	[***]
[***]	[***]	[***]	[***]	[***]	[***]

[***] Eligible Products and Services by Column:

Column I: [***]

Column II: [***]

Column III: [***]

Column IV: [***]

Services: [***]

Notwithstanding the foregoing, Keysight reserves the right to determine which Products and Services [***]. Upon request by Keysight and for audit purposes only, Reseller will provide a copy of the Customer’s purchase order and [***]. Reseller has discretion to [***].

[***] - Confidential portions of this document denoted by [***] have been filed separately with the Securities and Exchange Commission.

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		EXHIBIT 10.3



*** Confidential treatment has been requested with respect to certain portions of this Agreement. Omitted portions have been filed separately with the Securities and Exchange Commission.		ANT76

ALL OTHER TERMS AND CONDITIONS OF AGREEMENT #ANT76

REMAIN UNCHANGED AND ARE IN FULL FORCE AND EFFECT

Effective this 5^th day of September, 2014



ELECTRO RENT CORPORATION		KEYSIGHT TECHNOLOGIES, INC.
/s/ Steve Markheim		/s/ Samantha Grazier
Authorized Signature		Authorized Signature
Steve Markheim		Samantha Grazier
Name		Name
President		Contracts Administration Manager
Title		Title
6060 Supelveda Blvd		9780 S Meridian Blvd
Van Nuys, CA 91411		Englewood, CO 80112
Address		Address
		Sept 17, 2014
Date		Date

[***] - Confidential portions of this document denoted by [***] have been filed separately with the Securities and Exchange Commission.

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